Ferris Company began 2018 with 7,000 units of its principal product. The cost of each unit is $7. Merchandise transactions for the month of January 2018 are as follows: Purchases Date of Purchase Jan. 10 Jan. 18 Units 6,000 7,000 13,000 Unit Cost* Total Cost $48,000 63,000 111,000 Totals ncludes purchase price and cost of freight. Sales Date of Sale Jan. Jan. 12 Jan. 20 Units 3,000 1,000 4,000 8,000 Total Ferris Company Began 2016 With 7,000 Units Of Its. I Chegg.com 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 1. FIFO, periodic system. 2. LIFO, periodic system 3. LIFO, perpetual system 4. Average cost, periodic system S. Average cost, perpetual system Calculate January's ending inventory and cost of goods sold for the month using LIFO, perpetual system Cost of Goods Available for Cost of Goods Sold-January 5 Cost of Goods Sold-January 12 Cost of Goods Sold-January 20 Sale Cost unit Cost of Goods Available for Sale #of units sold Cost of Goods Sold #of units sold Cost of Goods Sold #of units sold Cost per unit Cost of Goods Sold #of in e inve #of units Cost per unit Cost per unit Beg Invent $ 0.00 S 0.00 S $ 0.00 January 10 January 18 0.00 0.00 0.00 0.00 0.00 0.00 Tota Required 2 Required 4 > Required 1 Required 2 Required 3Required 4Required 5 Calculate January's ending inventory and cost of goods sold for the month using Average cost, periodic system Average s Ava Sale os Cost Ending Inventory-Average Cost Cost of Goods Available for Sale #of units sold Average Cost #of units Unit Cost Average Cost of Goods Sold # of units in ending inventory Average Cost Ending Inventory Cost per Unit per unit Beginning Inventory January 10 January 18 0 Total 0 Required 3 Required 5> Required 1Required 2 Required 3 Required 4 Required 5 Calculate January's ending inventory and cost of goods sold for the month using Average cost, perpet average cost per unit to 4 decimal places. Enter sales with a negative sign.) Inventory on hand Cost of Goods Sold Cost per unit Cost of Goods Sold Perpetual Average #of #of units Inventory Value units Avg.Cost sold per unit Beginning Inventory 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