At the beginning of the year, Sheffield Ltd. had 880 units with a cost of $6 per unit in its beginning inventory. The following inventory transactions occurred during the month of January: xort Jan. 3 Sold 720 units on account for $13 each. 9 Purchased 1,030 units on account for $7 per unit. 15 Sold 810 units for cash at $12 each. Prepare journal entries assuming that Sheffield Ltd, uses FIFO under a perpetual inventory system. (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 for the amounts.) Credit Debit Date Account Titles and Explanation Jan. 3 3 9 15 15 15 e Textbook and Media List of Accounts Prepare journal entries assuming that Sheffield Ltd. uses FIFO under a periodic inventory system. (Credit account titles 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 for the amounts.) Debit Credit Date Account Titles and Explanation Jan. 3 9 Date Account Titles and Explanation Debit Credit Jan. 3 9 15