At the beginning of the year, Concord Ltd. had 880 units with a cost of $7 per unit in its beginning inventory. The following inventory transactions occurred during the month of January: Jan. 3 Sold 710 units on account for \$15 each. 9 Purchased 1,020 units on account for $8 per unit. 15 Sold 820 units for cash at \$14 each. (a) Prepare journal entries for these January transactions assuming that Concord Ltd. uses FIFO under a perpetual inventory system. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (To record cost of goods sold) (To record sale) (To record cost of goods sold)