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What amount of cost of goods sold will be recorded on January 17? A Question 54 (1 point) What is the value of the inventory after the January 17 transaction? A Question 55 (1 point) What is the gross profit percentage on the January 17 sale? A/ Question 56 (1 point) What is the amount of gross profit on the January 17 sale? A/ Question 57 (1 point) What is the value of the inventory after the January 24 transaction? Burlington Wholesale Inc. had the following inventory transactions for one month. The company uses a perpetual system and FIFO. All purchases and sales are on account. # of unit cost or items sale price January 1 Opening 40 balance $20 January 5 Purchase 20 $22 Purchase January 7 of January 5 -5 items returned January 10 Sale 50 $40 January 12 Purchase 25 $24 January 17 Sale 20 $50 January 24 Purchase 35 $25 Use an inventory cost chart and an accounting chart to analyze the above transactions, and then answer the questions below