Ferris Company began 2016 with 6,000 units of its principal product. The cost of each unit is $8. Merchandise transactions for the month of January 2016 are as follows:

	Purchases
Date of Purchase	Units		Unit Cost*			Total Cost
Jan. 10	5,000		$	9		$	45,000
Jan. 18	6,000			10			60,000
Totals	11,000					$	105,000

* Includes purchase price and cost of freight.

Sales
Date of Sale	Units
Jan. 5	3,000
Jan. 12	2,000
Jan. 20	4,000
Total	9,000

8,000 units were on hand at the end of the month.

Required:

Calculate January's ending inventory and cost of goods sold for the month using each of the following alternatives:

(Round average cost per unit to 4 decimal places. Enter sales with a negative sign.)

Cost of Goods Sold - Periodic FIFO Ending Inventory - Periodic FIFO FIFO Cost of Goods Available for Sale Cost of Cost per # of units Goods unit Available for Sale 6,000 $ 8.00 $ 48,000 # of units sold Cost per Cost per unit Cost of Goods Sold # of units in ending inventory unit Ending Inventory $ 8.00 $ 0 $ 8.00 $ 0 Beginning Inventory Purchases: January 10 January 18 Total $ 0 $ 5,000 $ 9.00 6,000 $10.00 17,000 45,000 60,000 153,000 9.00 10.00 9.00 10.00 2,000 6,000 8,000 18,000 60,000 $ 0 $ $ 0 $ 0 $ 78,000 Cost of Goods Sold - Periodic LIFO Ending Inventory - Periodic LIFO LIFO Cost per Cost of Goods Available for Sale Cost of Cost per Goods # of units unit Available for Sale $ 0 Cost per # of units sold # of units in ending inventory Cost of Goods Sold unit unit Ending Inventory $ 0.00 $ 0 $ 0.00 $ 0 Beginning Inventory Purchases: 0 $ 0.00 0 $ 0.00 0 January 10 January 18 Total 0 $ 0.00 0 $ 0.00 0 0 $ 0 0 $ 0 0 $ 0 Cost of Goods Sold - Average Cost Ending Inventory - Average Cost Average Cost Cost of Goods Available for Sale Cost of Average # of units Cost per Goods unit Available for Sale 6,000 $ 48,000 # of units sold Average Cost per Unit Cost of Goods Sold # of units in ending inventory Average Cost per unit Ending Inventory Beginning Inventory Purchases: January 10 January 18 Total 45,000 5,000 6,000 17,000 60,000 $ 153,000 $ $ 0 Cost of Goods Available for Sale Cost of Goods Sold - January 5 Cost of Goods Sold - January 12 Cost of Gc Perpetual LIFO: Unit # of # of units Cost of Goods Available for Sale units Cost per Cost Cost of Goods Sold # of units sold Cost per unit unit Cost of Goods Sold # of units sold sold Beg. Inventory Purchases: January 10 January 18 Total