Current Attempt in Progress Blue Company sells one product. Presented below is information for January for Blue Company. Blue uses the FIFO cost flow assumption. All purchases and sales are on account. Assume Blue 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 116 units. (ff no entry is required, select "No entry" for the occount titles and enter 0 for the amounts. Credit occount titles are automotically indented when amount is entered. Do not indent manualify. List all deblt entries before credit entries) eTextbook and Media