COGS and Inventory periodic systern GREENTEES sells one product. Below you can find Information on purchases, sales and Inventory for January 2020 for GREENTEES. January 1 Inventory 100 units at E 13 January 4 Sale 70 units at E 17 January 11 Purchase 160 units at E 11 January 13 Sale 90 units at E 17.5 January 20 Purchase 110 units at E 11 aywaa aool eh January enta fein tab 27 Sale 140 units at E 18 January 31 Inventory 70 units at E 11 GREENTEES uses the FIFO cost flow assumption. All purchases and sales are on account. Assume GREENTEES uses a periodic system. Prepare the end-of-month closing entry for January 2020, to record the cost of goods sold and inventory. Account Debit Credit Select + Add a journal entry