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3. Using information from your answers in Parts 1 and 2. journalize the credit purchase on February 10 and the credit sale on September 10 for each of. a. FIFO View transaction list X 1 Record the purchase of inventory on credit. 2 Record a credit sale. 3 Record the sale of merchandise. Credit Note : @ = journal entry has been entered Record entry Clear entry View general journal b. Moving weighted average (Do not round Intermedlate calculations. Round "Average cost per unit" to 2 decimal places. Round the final answers to nearest whole dollar.) View transaction list X 1 Record the purchase of inventory on credit. 2 Record a credit sale. 3 Record the sale of merchandise. CreditThe Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2023. Beginning 626 units @ $77/unit Feb. 10 340 units @ $74/unit Aug. 21 220 units @ $87/unit Stilton Company has two credit sales during the period. The units have a selling price of $137 per unit. Sales Mar. 15 420 units Sept. 10 325 units Stilton Company uses a perpetual inventory system. Required: 1. Calculate the dollar value of cost of goods sold and ending inventory using: (Do not round intermediate calculations. Round "Average cost per unit" to 2 decimal places. Round the final answers to 2 decimal places.) Ending Inventory Cost of Goods Sold a FIFO b. Moving weighted average