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1500 points Ferris Company began 2016 with 4,000 units of its principal product. The cost of each unit is $6 Merchandise transactions for the month
1500 points Ferris Company began 2016 with 4,000 units of its principal product. The cost of each unit is $6 Merchandise transactions for the month of January 2016 are as follows: Purchases Date of Purchase Jan. 10 Jan. 18 Units Unit Cost Total Cost 3,000 S 7 $21,000 4.:000 832000 Totals 7 000 $53,000 *Includes purchase price and cost of freight Sales Date of Sale Jan. 5 Jan 12 Jan. 20 Units 2:000 1000 3,000 Total 6000 5,000 units were on hand at the end of the month Required: alternatives Caiqulate January's endinglinventory and cost of gooda sold for the month usng sach ofthe following
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