You are given the following information for Sheridan Company for the month ended November 30, 2021 Unit Price $49 46 Date Nov. 1 9 15 22 29 30 Description Beginning inventory Purchase Sale Purchase Sale Purchase Units 62 110 (120) 155 (170) 42 44 42 Sheridan Company uses a perpetual inventory system. All sales and purchases are on account. Calculate the cost of goods sold and the ending inventory using weighted average. (Round the weighted average cost per unit to two decimal places, es. 5.27 and final answers to 2 decimal places, es 5.275.75J Cost of goods sold $ - O LOGOO. 4 5 6 7 8 9 0 3. E 972 O 2 R. P . Y Y O (con Calculate the cost of goods sold and the ending inventory using weighted average. (Round the weighted average cost per unit to two decimal places, eg 5.27 and final answers to 2 decimal places, eg. 5,275.75.) Cost of goods sold Ending inventory $ List of Accounts Assume the sales price was $63 per unit for the goods sold on November 15. Prepare the journal entry to record the November 15 sale. (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 O for the amounts. Round the average cost per unit to two decimal places, eg 527 and final answers to 2 decimal places, es 5,275.75) Debit Credit Date Account Titles and Explanation Nov. 15 Date Account Titles and Explanation Debit Credit Nov. 15 (To record sales on account.) Nov. 15 (To record cost of goods sold.) List of Accounts If the company changes from weighted average to FIFO and prices continue to fall, would you expect the cost of goods sold and ending inventory amounts to be higher or lower? If prices continue to fall, the FIFO cost formula will continue to yield ending inventory and cost of