Chapter 8 Homework Saved Ferris Company began 2018 with 9,000 units of its principal product. The cost of each unit is $8. Merchandise transactions for the month of January 2018 are as follows: Purchases 6 Unit Cost 9 Total Cost Date of Purchase Units points 6, eee 9,eee Jan. 1e 54,eee Jan. 18 18 90,e0e Totals 15,eee 144,eee eBook Includes purchase price and cost of freight. Sales Date of Sale Jan. 5 Units Ask 5, eee 3,eee 6, eee Jan. 12 Jan. 20 14,eee Total References = 10,000 units were on hand at the end of the month. Requlred: Calculate January's ending inventory and cost of goods sold for the month using each of the following alternatives: -1EIFO periodic system 2LIFO.periodic system. 3LIFOperpetuat system. 4.Average eest, periodiesystem 5. Average cost, perpetual system Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Required 5 Required 1 Calculate January's ending inventory and cost of goods suld for the month using Average cost, perpetual system. (Round average cost per unit to 4 decimal places. Enter sales with a negative sign.) Inventory on hand Cost of Goods Sold Perpetual Average Cost per unit Cost of Goods Sold # of units Inventory Value Avg.Cost per unit #of units sold 9,000 8.0000 S Beginning Inventory 72,000 Sale January 5 8.0000 0 Subtotal Average Cost 9,000 8.0000 72,000 Purchase January 10 9.0000 6,000 54,000 Subtotal Average Cost 15,000 126,000 Sale January 12 8.8000 0 15,000 Subtotal Average Cost 126,000 Purchase - January 18 10.0000 9,000 90,000 Subtotal Average Cost 24.000 216,000 Sale January 20 0 Total 24,000 S 216,000 0 S 0 Reauired 4