Whispering Company sells one product. Presented below is information for January for Whispering Company. Jan. 1 4 11 Inventory 111 units at $ 5 each Sale 90 units at $ 8 each Purchase 159 units at $6 each Sale 130 units at $ 9 each Purchase 149 units at $ 7 each Sale 85 units at $ 11 each 13 20 27 Whispering uses the FIFO cost flow assumption. All purchases and sales are on account. (a) Assume Whispering 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 114 units. (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.) 1 Date Account Titles and Explanation Debit Credit Save for later Attempts: unlimited Submit