Crane Company sells one product. Presented below is Information for January for Crane Company. O 01:50:45 Hide Timer Nov. 1 Inventory 320 units at $11 each 5 Purchase 220 units at $12 each 10 Salc 460 units at $18 cach 15 Purchase 460 units at $11.50 each 21 Sale 490 units at $19 each 30 Purchase 310 units at $1180 cach Crane uses the FIFO cost flow assumption. All purchases and sales are on account. Assume Crane 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 November is 360 units. (If no entry is required, select "No entry for the account titles and enter for the amounts. Credit account Licles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem! Date Account Titles and Explanation Debit Credit