Jan 2 Inventory 100 units at $5 each4 Sale 80 units at $8 each11 Purchase 150 un

Jan 2 Inventory 100 units at $5 each4 Sale 80 units at $8 each11 Purchase 150 units at $6 each13 Sale 120 units at $8.75 each20 Purchase 160 units at $7 each27 Sale 100 units at $9 eachInstructionsa.)
Assume Fong Sai-Yuk uses a periodic sysem. Prepare all necessary
journal entries including the end of month closing entry to record cost
of goods sol. A physical count indicates that ending inventory for
January is 110 units.b.) Compute gross profit using the periodic system.c.) Assume Fong Sai-Yuk uses a perpetual system. Prepare all necessary journal entries.d.) Compute gross profit using the perpetual system.