Q1. *** Co.'s purchases and sales of a particular product during the year are shown below: Jan. 1 Beginning Inventory 1,500 units @ $ 10 Jan. 18 Purchase 1,250 units @ $ 12 Jan 20 Sold 1,500 units @ $ 20 Jan. 25 Purchase 1,750 units @ $ 14 Jan. 27 Sold 1,750 units @ 25 Jan. 29 Purchase 500 units @ $ 15 Assuming that company uses perpetual inventory system, determine the ending inventory as of Jan. 31 (15 pts.) and make the journal entry for Jan. 20 transaction (15 pts.) by using inventory subsidiary ledger for FIFO cost flow assumption. DATE IN Quantity Price Total OUT Quantity Price Total BALANCE Quantity Price Total Jan 1 Jan 18 Jan 20 Jan 25 Jan 27 Jan 29