12,000 units were on hand at the end of the month. 2. Calculate January's ending inventory and cost of goods sold for the month C Required information [The following information applies to the questions displayed below.] A company began January with 8,000 units of its principal product. The cost of each uni the month of January are as follows: - Includes purchase price and cost of freight. 12,000 units were on hand at the end of the month. is displayed below.] principal product. The cost of each unit is \$6. Inventory transactions for of the month. nd cost of goods sold for the month using LIFO, periodic system