Please answer the last question. Date Transaction Description Units Unit Cost

$1-$Jan Opening Balance $2,000$ $$0\mathrm{.}50$

$5-$Jan Sale #$11,200$ $$5\mathrm{.}00$

$6-$Jan Purchase $11,000$ $$2\mathrm{.}00$

$10-$Jan Purchase $2500$ $$1\mathrm{.}00$

$16-$Jan Sale #$22,000$ $$6\mathrm{.}00$

$21-$Jan Purchase $31,000$ $$2\mathrm{.}50$

Record the purchases and sales above in the General Journal below:

Date Transaction Description Debit Credit

$5-$Jan Cash $6000$

Sales $6000$

$5-$Jan Costs of good sold $600$

Inventory $600$

$16-$Jan Cash $12000$

Sales $12000$

$16-$Jan Costs of good sold $2600$

Inventory $2600$

$21-$Jan Ending Inventory $2800$

$2800$

How many units of Inventory are left in Ending Inventory? $1300$

What is the Unit Price$($s$)$ that will be used to determine FIFO Ending Inventory? $$2\mathrm{.}15$

Calculate the value of Ending Inventory using the units and price$($s$)$ noted above. $$2,880$

Make the journal entry below to record Ending Inventory under the FIFO$/$Periodic Inventory Method: