Chippewas Company sells one product. Presented below is information for January for Chippewas Company. Jan. 1 Inventory 129 units at $4 each 4 Sale 108 units at $8 each 11 Purchase 152 units at $6 each 13 Sale 118 units at $9 each 20 Purchase 166 units at $7 each 27 Sale 104 units at $10 each Chippewas uses the FIFO cost flow assumption. All purchases and sales are on account. (a) Assume Chippewas 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 117 units. (Round answers to 0 decimal places, e.g. $6,578. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 4 Jan. 11 Jan. 13 Jan. 20 Jan. 27 Jan. 31 Show Work is REQUIRED for this question; access the WhiteBoard application by clicking this link