*Exercise 8-9 Tamarisk Company sells one product. Presented below is information for January for Tamarisk Company. Jan. 1 Inventory 103 units at $5 each 4 Sale 82 units at $8 each 11 Purchase 135 units at $7 each 102 units at $9 each 13 Sale 20 Purchase 167 units at $7 each 108 units at $11 each 27 Sale Tamarisk uses the FIFO cost flow assumption. All purchases and sales are on account. Assume Tamarisk uses a periodic system. Prepare a necessary journal entries including the end-of-month closing entry that the required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) nt Titles and Explanation Debit Credit Date Jan. 31 Compute gross profit using the periodic system. Gross profit