Skysong Company sells one product. Presented below is information for January for Skysong Company. Skysong uses the FIFO cost flow assumption. All purchases and sales are on account. (To record the cost of inventory) (To record the sale) (To record the cost of inventory) eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer. Question 7 of 10 (To record the cost of inventory) (To record the sale) 0.5/1 Assume Skysong 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, List all debit entries before credit entries)