A company began January with 9,000 units of its principal product. The cost of each unit is $5. Inventory transactions for the month of January are as follows: Date of Purchase Units January 10 6,000 Purchases Unit Cost $6 Total Cost January 18 9,000 7 $ 36,000 63,000 Totals 15,000 $ 99,000 *Includes purchase price and cost of freight. Sales Date of Sale January 5 January 12 January 20 Total Units 5,000 3,000 6,000 14,000 10,000 units were on hand at the end of the month. Required: 1. Calculate January's ending inventory and cost of goods sold for the month using LIFO, periodic system. Periodic LIFO Beginning Inventory Purchases: January 10 January 18 Total Cost of Goods Available for Sale Number of Cost per Cost Of Goods Cost per units unit unit Cost of Goods Sold - Periodic FIFO Number of Cost of units sold Goods Sold Ending Inventory - Periodic FIFO Number OT units in Cost per Ending unit Inventory 9,000 $5.00 45,000 $5.00 $0 $5.00 $0 6,000 $6.00 36,000 $6.00 $0 $6.00 $0 9,000 $7.00 63,000 $7.00 $0 $7.00 $0 24,000 144,000 0