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Wildhorse Co.uses a perpetual inventory system. The following information is available for November Units Purchase Price Sales Price Nov. 1 Balance 8 $4.00 4 Purchase

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Wildhorse Co.uses a perpetual inventory system. The following information is available for November Units Purchase Price Sales Price Nov. 1 Balance 8 $4.00 4 Purchase 20 $4.50 7 Purchase 20 $5.00 10 Sale (8) $10.00 12 $10.00 Sale (32) Assume all sales and purchases are on credit. Prepare journal entries to record the November 4 purchase and the November 12 sale using FIFO (Credit account titles are automatically indented when the amount is entered. Do not indent manuallyIf no entry is required, select "Ne Entry for the account titles and enter for the amounts.) Credit Debit Date Account Titles and Explanation Nov. 4 MacBook At Assume all sales and purchases are on Credit Prepare journal entries to record the November 4 purchase and the November 12 Credit accountant automatically indented when the amount is entered. Do not indent manually if rently and the Naty the account titles and enter for the amounts) Debit Credit Date Account Titles and Explanation No 4 (To record purchase on account.) Nov. 12 (To record sales on account Nov. 12 (to record cost of goods sold MacBook Air . Prepare journal entries to record the November 4 purchase and the November 12 sale using weighted average. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Round the average cost per unit to three decimal places 5.275 and final answers to decimal places, e9.5.275.) Date Account Titles and Explanation Debit Credit Nov. 4 (To record purchase on account.) Nov. 12 (To record sales on account) Nov. 12 (To record cost of goods sold.) thank and Media MacBook Ale

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