Print by: VICTORIA CHAMPION 51545554:ACC/422 / Week 2 Assignment *Exercise 8-9 (Part Level Submission) Shamrock Company sells one product. Presented below is information for January for Shamrock Company Inventory 101 units at $4 each 80 units at $8 each 144 units at $6 each 111 units at $9 each 156 units at $7 each 100 units a $11 each Jan. 1 4 Sale 11 13 Sale 20 27 Sale Purchase Purchase Shamrock uses the FIFO cost flow assumption. All purchases and sales are on account. Your answer is correct. Assume Shamrock uses a periodic system. Prep 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 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.) Date Account Titles and Explanation Debit Credit an ccounts Receivable Sales Revenu 640 an. 11 Purchases ccounts Payabl an. 13Accounts Receivable Sales Revenu an. 20 Purchases 1092 ccounts Payabl 109 an. 271 Accounts Receivable 110 ales Revenu Jan. 31 unventory 70 159 ost of Goods Sold Purchases Invento 195 404) Attempts: 1 of 3 used