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Assume Marigold uses a perpetual system. Prepare all necessary journalentries. (If no entry is required, seiect No entry for the account titles and enter 0

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Assume Marigold uses a perpetual system. Prepare all necessary journalentries. (If no entry is required, seiect "No entry" for the account titles and enter 0 for the amounts. Credit account tities are outomatically indented when amount is entered. Do not indent (To record the cost of inventory) (To record the sale) (To record the cost of inventory) Marigold Company sells one product. Presented below is information for January for Marigold Company. Marigold uses the FIFO cost flow assumption. All purchases and sales are on account

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