You are given the following information for Sheridan Company for the month ended November 30, 2024: Date Description Units Unit Cost Nov. 1 Beginning inventory 65 $51 9 Purchase 100 46 15 Sale (115) 22 Purchase 145 43 29 Sale (170) 30 Purchase 50 41 Sheridan Company uses a perpetual inventory system. All sales and purchases are on account. (a) Your answer is correct. Calculate the cost of goods sold and the ending inventory using FIFO. Cost of goods sold 13075 Ending inventory 3125Assume the sales price was $60 per unit for the sale on November 29. Prepare journal entries to record the November 22 purchase and the November 2'? sale. {Creditaccounttitiesare automaticaiiy indented when the amount is entered. Do not indent manually. if no entry is required. select "No Entry" for the account titles and enter 0 for the amounts List at! debit entries before credit entries.) Date account Titles Debit Credit Nov. 22 Nov. 29 {To record sales on account.) Nov. 2'? {To record cost of goods sold.)