Exercise 8-9 (Part Level Submission) Fong Sai-Yuk Company sells one product. Presented below is information for January for Fong Sai-Yuk Company.

Jan. 1	Inventory	115	units at $4each
4	Sale	94	units at $8each
11	Purchase	154	units at $6each
13	Sale	122	units at $9each
20	Purchase	164	units at $6each
27	Sale	103	units at $10each

Fong Sai-Yuk uses the FIFO cost flow assumption. All purchases and sales are on account.

(a) Assume Fong Sai-Yuk 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 is114units.(If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 6,578. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Further question will be asked after finished Part A