Bonita Company sells one product. Presented below is information for January for Bonita Company. Jan. 1 Inventory 109 units at $4 each 4. Sale 85 units at $8 each 11 Purchase 137 units at $7 each 13 Sale 109 units at $9 each 20 Purchase 151 units at $7 each 27 Sale 93 units at $11 each Bonita uses the FIFO cost flow assumption. All purchases and sales are on account. Assume Bonita uses a periodic system. Prepare all necessary journal entries, including the end-of-month closing entry to record cost of goods sold. A physical count indicates that the ending inventory for January is 110 units. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)