You are given the following information for Wildhorse Company for the month ended November 30, 2021: Date Description Units Unit Price Nov. 1 Beginning inventory 56 $51 9 Purchase 110 48 15 Sale (115) 22 Purchase 145 45 29 Sale (160) 30 Purchase 43 43 Wildhorse 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, eg. 5,275.75) 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 $ Assume the sales price was $67 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 0 for the amounts. Round the average cost per unit to two decimal places, eg. 5.27 and final answers to 2 decimal places, eg. 5,275.75) Date Nov. 15 Account Titles and Explanation Debit Credit Assume the sales price was $67 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 overage cost per unit to two decimal places, e.g. 5.27 and final answers to 2 decimal places, eg. 5.275.75) Date Account Titles and Explanation Nov. 15 Debit Credit Nov. 15 (To record sales on account.) (To record cost of goods sold.) 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 goo 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? vill continue to yield ending inventory and cost of goods sold than the weighted average cost formula