The answer is not 8230.

At the beginning of the year, Ayayai Ltd. had 950 units with a cost of $5 per unit in its beginning inventory. The following inventory transactions occurred during the month of January: Jan. 3 Sold 710 units on account for $10 each. 9 Purchased 1,040 units on account for $6 per unit. 15 Sold 820 units for cash at $9 each. Prepare journal entries for these January transactions assuming that Ayayai Ltd. uses FIFO under a perpetual inventory system. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) 15 Cash 7380 Sales 7380 (To record sale) 15 Cost of Goods Sold 8230 Inventory 8230 (To record the inventory)