Ferris Company began 2016 with 8,000 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		6,000		$	9		$	54,000
Jan. 18		8,000			10			80,000
Totals		14,000					$	134,000

*Includes purchase price and cost of freight.

Sales
Date of Sale	Units
Jan. 5		4,000
Jan. 12		2,000
Jan. 20		5,000
Total		11,000

11,000 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 Available for Sale Cost of Goods Sold - Periodic FIFO Ending Inventory - Periodic FIFO Cost of Goods Sale FIFO # of units | Cost per Cost ofin ending Goods Sold inventory Ending Inventory Cost per # of units sold Cost per unit #of units | unit Available for unit Beginning Inventory Purchases January 10 January 18 Total Ending Inventory - Periodic LIFO # of units | Cost per Cost of Goods Available for Sale Cost of Goods Sold Periodic LIFO Cost of Goods Sale LIFO Cost ofin ending Goods Sold inventory Cost per # of units | Cost per Ending Inventory #of units | unit Available for sold unit unit Beginning Inventory Purchases January 10 January 18 Total Cost of Goods Available for Sale Cost of Goods Sold - Average Cost Ending Inventory -Average Cost Average Cost of Goods Average # of units Average in ending Cost per I Average Cost # of units | Cost per Goods Sold inventory Cost ofi |#of units Costper. Available for Ending Inventory sold unit Unit unit Sale Beginning Inventory Purchases January 10 January 18 Total