Exercise 8-9 Flint Company sells one product. Presented below is information for January for Flint Company. Jan. 1 Inventory 114 units at $5 each 4 Sale 89 units at $8 each 11 Purchase 156 units at $7 each 126 units at $9 each 13 Sale 20 Purchase 158 units at $7 each 27 Sale 103 units at $11 each Flint uses the FIFO cost flow assumption. All purchases and sales are on account. Assume Flint 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 110 units. (If no entry is required, select "No en for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)