The inventory records of Coral Company show the following: Dods sold perpetual Jan. Cory .5) 1 Beginning inventory consists of 12 units costing $60 per unit. 5 Purchased 15 units @ $62.40 per unit. 10 Sold 9 units @ $135 per unit. 12 Sold 7 units @ $135 per unit. 20 Purchased 20 units @ $62.70 per unit. 22 Purchased 5 units @ $60 per unit, Sold 20 units @ $138.00 per unit. Assume all purchases and sales are made on account. a. Using the FIFO perpetual inventory procedure, compute cost of goods sold for January. b. Using the FIFO perpetual inventory procedure, prepare the journal entries for January, c. Compute the cost of goods sold under the FIFO periodic inventory procedure. Is there a difference between the amount computed using the two different procedures