Buffalo Company sells one product. Presented below is information for January for Buffalo Company.

Jan. 1	Inventory	125	units at $4each
4	Sale	104	units at $8each
11	Purchase	158	units at $6each
13	Sale	130	units at $9each
20	Purchase	149	units at $6each
27	Sale	87	units at $11each

Buffalo uses the FIFO cost flow assumption. All purchases and sales are on account.

(a)

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Assume Buffalo 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 is111units. can you please help me with this problem? thank you.