Ferris Company began 2016 with 7,000 units of its principal product The cost of each unla is s7 Merchandise transactions for the month of January 2016 are as follows Jan. 10 Jan 18 6,000 $8 48,000 63,000 7.000 9 Totals 13,000 $111,000 Includes purchase price and cost of freight Sales Jan 5 Jan 12 Jan. 20 3,000 1,000 4,000 Total 8,000 12,000 units were on hand at the end of the month Required: Calculate January's ending inventory and cost of goods sold for the month using each of the following aternatives Answer is not complete. Cost of Goods Available for Sale Cost of Cost of Goods Sold Periodic FIFO Eading Ioventory Periodic F EIEO Cost per unit |Cost per # of units #01 units #of units Cost of Available for unit Goods Sold in ending Goods Sold in ending Cost perEnding inventoryunitInventory Beginning Inventory 7,000 ols 700$ 49,000 | 7,000 ols 700 49000 48,000 63,000 160,000 000S 800 9.00 ,000 s8 00 7000 900 40,000 63,000 103,000 8,000 January 10 January 18 7,000S 900 7,000 S 9.00 Total 20,000 8,000 57.000 12,000 Ending Inventory Periodic LIFO " of units Cost per in ending Cost of Goods Available for Sale Cost of Goods Sold Periodic LIFO Cost of Cost per Ending Cost of Goods Sold inventory # of units Cost per Cost per unit unn Available for Sale units 7,000 700S 49,000 ,000 ols 70001 49 000-1 3000 s 700 ls - 21000-14000 os 100 s ,000 7.00 28,000 Beginning Inventory Purchases 8,000 36,000 65,000 10,000 27,000 95,000 000S8.00 January 10 January 18 ,000 3s 9.0 12,000 9.00 7,000 S 90063,000 S 160,000 20,000 0 8,000 Total