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jul 17 purchased 50 watches for 7500 150 per watch on account jul 31 sold 40 watches 640669

Jul. 17 Purchased 50 watches for $7500 ($150 per watch) on account.

Jul. 31 Sold 40 watches for $12,000 cash.

Aug. 12 Purchased 40 watches for $6,400 ($160 per watch) cash.

Aug. 22 Sold 30 watches for $9000 on account.

Sep. 19 Paid for watches ordered on July 17.

Sep 27 Received full payment for watches sold on account on August 22.

Oct. 27 Purchased 80 watches for $13,600 ($170 per watch) cash.

Nov. 20 Sold 90 watches for $27,000 cash.

Dec. 4 Purchased 100 watches for $18,000 ($180 per watch) cash.

Dec. 8 Sold 40 watches for $12,000 on account.I need to use fifo and prepare the journal entries

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