Ferris Company began 2016 with 8,000 units of its principal product. The cost of each unit is $6. Merchandise transactions for the month of January 2016 are as follows: Purchases Date of Purchase Units Unit Cost Total Cost Jan. 10 6,000 7 s 42,000 8,000 8 Jan. 18 64,000 14,000 $106,000 Totals *Includes purchase price and cost of freight. Sales Date of Sale Units 4,000 Jan. 5 Jan. 12 2,000 Jan. 20 4,000 Total 10,000 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 alternatives: Cost of Goods Available for Sale Cost of Goods Sold Periodic FIFO Ending Inventory Periodic FIFO Cost of of units Cost per Ending FIFO Cost per Goods of units Cost per Cost of of units unit Goods sold in ending inventory unit unit Available for sold Inventory Beginning Inventory Purchases January 10 January 18 Total