Sheffield Company sells one product. Presented below is information for January for Sheffield Company Jan. 1 Inventory 117 units at $ 5 each 4 Sale 94 units at $ 8 each 11 Purchase 153 units at $ 7 each 13 Sale 123 units at $9 each 20 Purchase 154 units at $ 7 each 27 Sale 90 units at $ 11 each Sheffield uses the FIFO cost flow assumption. All purchases and sales are on account: Assume Sheffield uses a periodic system. Prepare all 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 117 units. (If no entry is required, select "No entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit