View Policies Show Attempt History Current Attempt in Progress Kingbird Company sells one product. Presented below is information for January for Kingbird Company. Jan. 1 Inventory 121 units at $4 each 4 Sele 100 units at $8 each Purchase 159 units at $5 each 13 Sale 126 units at $9 each 20 Purchase 175 units at $7 each 27 Sale 114 units at $11 each Kingbird uses the FIFO cost flow assumption. All purchases and sales are on account. (a) Your Answer Correct Answer (Used) (c) List of Accounts Attempts 1 of 3 used Assume Kingbird uses a perpetual system. Prepare all necessary journal entr account titles and enter for the amounts Credit account titles are automatically indented when cours entered Dinor incent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Jan 1 Jan 4 (To record the sale) Jan 11 (To record the cost of Inventory) Inventory Jan 13 Debit Credit 800 400 400