Question 5 View Policies Current Attempt in Progres Coronado Company sells one product. Presented below is information for January for Coronado Company. Jan 1 Inventory 112 units at each 4 Sale 88 units Beach 11 Purchase 165 units beach 13 Sale 11units each 20 Purchase 150 units as each 27 Sale 93 units at $11 each Coronado uses the FIFO cost flow assumption. All purchases and sales are on account Assume Coronado 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 112 units. (If no entry is required, select "No entry for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date A t Twend Explanation List of Accounts