Retro Productions Ltd, is a Vancouver-based furniture manufacturer. The company reported the following information on its trial balance for 11 months of the year ended November 30, 2021. Question 1 of 1 .150 Retro reported the following transactions for the month of December. The compary uses a perpetual inventory system and owned 10,000 units of inventory on December 1. Dec 1 Received $315.000 on account from a major customer. 1 Paid $14,000 in rent for the month of December. 4 Paid $375,000 owing to a supplier from a purchase made in November. 6 Sold 4,200 units of merchandise to a Canadian furniture retailer for $2,121.000 on credit, FOB shipping point. 15. Purchased 6,000 units of merchandise from a supplier at a cost of $290 per unit on credit, FOB shipping point. 18 Paid salaries of $125,000. 21 Sold 8,000 units of merchandise for $4,092,000 on account, FOB shipping point. 24 Paid $32,000 for advertising expensesincurred in the month. 27 Purchased 5,000 units of inventory from a supplier at a cost of $300 per unit on credit. FOB shipping point. (a) Record the December transactions. The company uses the FIFO cost formula. (List all debit entries before credit entries. Credit account tities 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 answers to 0 decimol ploces, es. 5,275. Record journal entries in the order presented in the problem.) Question 1 of 1 (To record sale) (To record cost of merchandise sold) Question 1 of 1 (To record cost of merchandise sold) (To record sale) (To record cost of merchandise sold) (To record cost of merchandise sold)