Tamarisk Company sells one product. Presented below is information for January for Tamarisk Company Jan 1 4 11 Inventory Sale Purchase Sale Purchase Sale 116 units at $4 each 94 units at $8 each 154 units at $6 each 124 units at $9 each 169 units at $6 each 105 units at $11 each 13 20 27 Tamarisk uses the FIFO cost flow assumption. All purchases and sales are on account. (a) Assume Tamarisk 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 116 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 Isctive entered. Do not indent manually) Debit Credit Date Account Titles and Explanation 2