A company began January with $7,000$ units of its principal product. The cost of each unit is $$8.$ Inventory transactions for the month of January are as follows:

Date of Purchase Purchases

Units Unit Cost$*$Footnote asterisk Total Cost

January $104,000$ $ $9$ $ $36,000$

January $187,0001070,000$

Totals $11,000$ $ $106,000$

$*$Footnote asterisk Includes purchase price and cost of freight.

Sales

Date of Sale Units

January $53,000$

January $121,000$

January $204,000$

Total $8,000$

$10,000$ units were on hand at the end of the month.

$5.$ Calculate January's ending inventory and cost of goods sold for the month using Average cost, perpetual system.

Note: Round average cost per unit to $4$ decimal places. Enter sales with a negative sign.