Question 5 --/2 View Policies Current Attempt in Progress Oriole Company had a beginning inventory balance on July 1 of 360 units at a cost of $3.20 each. During the month, the following inventory transactions took place: Sales Date July 10 13 27 Purchases Cost per Units unit 1,440 $3.30 710 3.60 570 3.80 Date July 2 11 28 Units 300 1.020 480 Price per unit $6.00 6.00 6.60 Calculate the cost of goods available for sale and the number of units of ending inventory. Cost of goods available for sale $ Number of units of ending inventory units e Textbook and Media List of Accounts Assume Oriole uses FIFO periodic. Calculate the cost of ending inventory, cost of the goods sold, and gross profit. Ending inventory $ Cost of goods sold $ Gross profit $ Assume Oriole uses FIFO perpetual. Calculate the cost of ending inventory, cost of goods sold, and gross profit. Ending inventory $ Cost of goods sold $ Gross profit $ e Textbook and Media List of Accounts Prepare journal entries to record the July 10 purchase and the July 11 sale using (1) FIFO periodic and (2) FIFO perpetual. Assume both the sale and purchase were for cash. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) (1) FIFO periodic Date Account Titles and Explanation Debit Credit July 10 (To record cash purchase.) July 11 (To record cash sale.) (To record cash purchase.) July 11 (To record cash sale.) (2) FIFO perpetual Date Account Titles and Explanation Debit Credit July 10 (To record cash purchase.) July 11 (To record cash sales.) July 11 (To record cost of goods sold.)