Ferris Company began 2018 with 6,000 units of its principal product. The cost of each unit is $8. Merchandise transactions for the month of January 2018 are as follows: Purchases Unit Cost* Total Cost Date of Purchase Jan. 10 Jan. 18 Units 5,000 6,000 11,000 $ 45,000 60,000 105,000 10 Totals Includes purchase price and cost of freight. Sales Date of Sale Jan. 5 Jan. 12 Jan. 20 Units 3,000 2,000 4,000 9,000 Total 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 1. FIFO, periodic system 2. LIFO, periodic system. 3. LIFO, perpetual system 4. Average cost, periodic system 5. Average cost, perpetual system. Complete this question by entering your answers in the tabs below. Required Required Required Required Required 3 2 4 5 Calculate January's ending inventory and cost of goods sold for the month using FIFO, periodic system Cost of Goods Available Cost of Goods Sold Ending Inventory- Periodic FIFO for Sale Periodic FIFO able I units cost | Cost of | # 0 for Sale Sold FIFO | # of #of # of | Cost | Cost of Goods units in Cost Ending ending per unit Invento units per per unit Goods invento Beginning Invento Purchases January 10 January 18 Total Required Calculate January's ending inventory and cost of goods sold for the month using each of the following alternatives 1. FIFO, periodic system 2. LIFO, periodic system. 3. LIFO, perpetual system 4. Average cost, periodic system. 5. Average cost, perpetual system Complete this question by entering your answers in the tabs below. RequiredRequired Required Required Required 3 2 4 5 Calculate January's ending inventory and cost of goods sold for the month using LIFO, periodic system. Cost of Goods Available Cost of Goods Sold Ending Inventory Periodic LIFO for Sale Periodic LIFO # of Cost of units Per Go Cost of | #of cost Goods #of LIFO Cost of per unlt soldnvento units in Cost Ending ending per unit Invento unit Available units for Salesold inventor Beginning Invento Purchases January 10 January 18 Total Required! Required 3 Required Calculate January's ending inventory and cost of goods sold for the month using each of the following alternatives: 1. FIFO, periodic system 2. LIFO, periodic system. 3. LIFO, perpetual system. 4. Average cost, periodic system. 5. Average cost, perpetual system. Complete this question by entering your answers in the tabs below Required RequiredRequired Required Required Calculate January's ending inventory and cost of goods sold for the month using LIFO, perpetual system 4 Cost of Goods Available Cost of Goods Sold-|Cost of Goods Sold-Cost of Goods Sold Inventory Balance for Sale January 5 January 12 January 20 Perpetual Cost of | # of | Goods Cost of | # of Cost Cost of # of | Cost | Cost of per Goods units in Cost Ending invento FO: #of units per per unit Goods unit Available units Cost Sold sold per unit for Sale Sold Sold soldunit Sold endig per unit Inventory Beg Inven Purchases: January 10 January 18 Total Required Calculate January's ending inventory and cost of goods sold for the month using each of the following alternatives 1. FIFO, periodic system 2. LIFO, periodic system. 3. LIFO, perpetual system 4. Average cost, periodic system. 5. Average cost, perpetual system Complete this question by entering your answers in the tabs below. Required Required Required Required Required 3 2 4 Calculate January's ending inventory and cost of goods sold for the month using Average cost, periodic system Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Average Cost Average Cost # of Average Cost of units Cost Availableunits Cost Goods units inEnding Cost f Average Cost Average Cost # of | Unit | Goods for Sale sold per Unit Sold ending inventory per unit vento Beginning Invento Purchases January 10 January 18 Total Required 3 Required 5 Required: Calculate January's ending inventory and cost of goods sold for the month using each of the following alternatives 1. FIFO, periodic system 2. LIFO, periodic system 3. LIFO, perpetual system 4. Average cost, periodic system 5. Average cost, perpetual system Complete this question by entering your answers in the tabs below. Required Required Required Required Required 2 3 4 5 Calculate January's ending inventory and cost of goods sold for the month using Average cost, perpetual system. (Round average cost per unit to 4 decimal places. Enter sales with a negative sign.) Inventory on hand Cost of Goods Sold units ! per Inventory| #0 units unit Perpetual Cost Inventory uni # of | verage Value units Avg.Cost Cost of sold per unit Goo Beginning Invento Sale - January 5 Subtotal Average Cost Purchase - January 10 Subtotal Average Cost Sale - January 12 Subtotal Average Cost Purchase - January 18 Subtotal Average Cost Sale - January 20 Total Required 4 Required 5
