Ayayaicorporation sells one product, with information for Jslyas follows: Ayayai uses the FFO cost formula. All purchases and sales are on account. ignore any estimated returns po purchases and sales. (a) (a) Assume Avayai usas a periodic system. Prepare all journal entries needed, induding the end-af-month adjusting mentry to record cost of goods sold. A physical count indicates that the ending inventory far July is 110 units. fCredit account tites are automatically inderted when the amount is entred. Oo not indent manuelly. If no entry is required, select "No Entry' for the account tities and enter ofor the amounts List all debit entries before credit entries. Record journal entries in the order presented in the probiem) Calculategross profit using the periodic system, Gross profit/(loss) \$ List of Accounts Attempts: 0 of 3 used