Check Hequired information The following information applies to the questions displayed below) Ferris Company began January with 7,000 units of its principal product. The cost of each unit is 56. Merchandise transactions for the month of January are as follows Purchases Unit Cost $ Date of Purchase Jan. 1e Jan. 15 Totals Units 6,000 7,000 13,000 Total cost $42.000 56, 98,00 * Includes purchase price and cost of freight Sales Date of Sale Jan. 5 Jan. 12 Jan. 20 Total Units 3,000 3.000 4.000 10,080 10,000 units were on hand at the end of the month Check my work 5 5. Calculate January's ending inventory and cost of goods sold for the month using Average cost perpetual system (Round average cost per unit to 4 decimal places. Enter sales with a negative sign.) 15 Wahn 7.000 6.0000 5 42.000 0 7,000 6,000 13,000 6 0000 7.0000 6.6000 42,000 42,000 84,000 Beginning Inventory Sale - January 5 Subtotal Average Cost Purchase January 10 Subtotal Average Cost Sale January 12 Subtotal Average Cost Purchase January 18 Subtotal Average Cos! Sale - January 20 Total 13,000 7.000 20.000 6,000 26,000 66000 80000 73000 7 3000 $ 84.000 56.000 140.000 43.800 183 800 $ 0