At the beginning of the year, Cully Company had 400 units with a cost of $4 per unit in its beginning inventory. The following inventory transactions occurred during the month of January: Jan. 3 Purchased 1,000 units on account for $4.50 per unit.

9 Sold 550 units on account for $10 each.

15 Sold 850 units for cash for $10 each.

Prepare journal entries to record the January transactions assuming that Cully Company uses a periodic inventory system under FIFO and Weighted average?