You are given the following information for Sunland Company for the month ended November 30, 2021: Unit Price $50 44 Date Description Nov. 1 Beginning inventory 9 Purchase 15 Sale 22 Purchase 29 Sale 30 Purchase Units 56 110 (120) 150 (160) 46 43 41 Sunland 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, eg. 5.27 and final answers to 2 decimal places, e.g. 5,275.75.) Cost of goods sold $ Ending inventory $ e Textbook and Media List of Accounts Assume the sales price was $64 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 for the amounts. Round the average cost per unit to two decimal places, e.g. 5.27 and final answers to 2 decimal places, e.g. 5,275.75) Debit Credit Date Account Titles and Explanation Nov. 15 (To record sales on account.) Nov. 15 (To record cost of goods sold.) e Textbook and Media 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 V cost e Textbook and Media 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? itinue to yield ending inventory and cost of goods sold than the weighted average cost formula. e Textbook and Media List of Accounts