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		$	42,000
Jan. 18		8,000			8			64,000
Totals		14,000					$	106,000

*Includes purchase price and cost of freight.

Sales
Date of Sale	Units
Jan. 5		4,000
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:

FIFO, LIFO, AVERAGE COST, PERPETUAL LIFO, PERPETUAL AVERAGE