Question 4 View Policies Current Attempt in Progress Tamarisk Company sells one product. Presented below is information for January for Tamarisk Company. 116 units at $4 each Jan. 1 Inventory 94 units at $8 each 4 Sale 154 units at $6 each 11 Purchase 124 units at $9 each 13 Sale 169 units at $6 each 20 Purchase 105 units at $11 each 27 Sale Tamarisk uses the FIFO cost flow assumption. All purchases and sales are on account. Compute gross profit using the periodic system. Gross profit $ eTextbook and Media eTextbook List of Accounts Assume Tamarisk uses a perpetual system. Prepare all necessary journal entries. (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.) Account Titles and Explanation Debit Credit Date (To record the sale) (To record the cost of inventory) || (To record the cost of inventory) (To record the sale) (To record the cost of inventory) (To record the cost of inventory) V V (To record the sale) (To record the cost of inventory) Ssment-playe/o9ekand Medias-ac 48-ac56-13049c1d3671/ass List of Accounts eTextbook and Media List of Accounts Compute gross profit using the perpetual system. Gross profit $ eTextbook and Media List of Accounts