Ferris Company began 2016 with 5,000 units of its principal product. The cost of each unit is $6. Merchandise transactions for the month of January 2016 are as follows: Purchases Unit Date of Purchase Jan. 10 Jan. 18 Units Cost Total Cost 6,000 $7 $42,000 5,000 8 40,000 Totals 11,000 $82,000 Includes purchase price and cost of freight. es Sales Date of Units Sale Jan. 5 3,000 Jan. 12 3,000 Jan. 20 4,000 Total 10,000 6000 units were on hand at the end of the month Required Calculate January's ending inventory and cost of go the ods soid for alternatives Round average cost per unit to 4 decimal places. Enter sales with a negative sign.) Cost of Goods Sold Inventory on hand |#of units sold Avg.Cost Cost of Inventory Value Perpetual Average #Of units Cost per unit per unitGoods Sold 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 Cost Sale - January 20 Total 0 0