You are given the following information for Sunland Company for the month ended November 30,2021 : Sunland Company uses a perpetual inventory system. All sales and purchases are on account. (a) Calculate the cost of goods sold and the ending inventory using weighted average. (Round the weighted average cost per unit to two decimal places, e.g. 5.27 and final answers to 2 decimal places, e.g. 5,275.75.) Cost of goods sold $ Calculate the cost of goods sold and the ending inventory using weighted average. (Round the weighted average cost per unit to two decimal places, e.g. 5.27 and final answers to 2 decimal places, e.g. 5,275.75.) Cost of goods sold $ Ending inventory $ eTextbook and Media List of Accounts Attempts: 0 of 5 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above. Date Account Titles and Explanation Debit Credit Nov, 22 (To record purchase on account.) Nov. 29 (To record sales on account.) Nov, 29 (To record cost of goods sold.) eTextbook and Media List of Accounts Calculate gross profit for November. Gross profit $ eTextbook and Media List of Accounts Assume that at the end of November, the company counted its inventory. There are 56 units on hand. What journal entry, if any, should the company make to record the shortage? (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.) If the company had not discovered this shortage, what would be overstated or understated on the balance sheet and income statement and by what amount? \begin{tabular}{l} The on the balance sheet would be \\ The on the income statement would be $ \\ \hline by $ \end{tabular}