Ferris Company began 2018 with 8,000 units of its principal product. The cost of each unit is $7 Merchandise transactions for the month of January 2018 are as follows: Purchases Unit Cost Date of Purchase Jan. 10 Jan. 18 Totals Units 6.000 8,000 14.000 Total Cost $ 48,000 72,000 120,000 9 "Includes purchase price and cost of freight Sales Date of Sale Jan. 5 Jan12 Jan. 20 Total Units 4,000 2.000 5,000 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: 1. FIFO, periodic system 2. LIFO, periodic system 3. LIFO. perpetual system 4. Average cost, periodic system. 5. Average cost, perpetual system. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate January's ending inventory and cost of goods sold for the month using FIFO, periodic system. Cost of Goods Sold - Periodic FIFO Ending Inventory Periodic FIFO FIFO Cost of Goods Available for Sale Cost of # of units Cost per Goods unit Available for Sale # of units sold Cost per unit Cost of # of units Goods Sold in ending inventory Cost per unit Ending Inventory 0.00 $ 0 $ 0.00 S 0 Beginning Inventory Purchases January 10 $ $ 0.00 0.00 $ $ 0.00 0.00 January 18 Total Required 2 > Required 1 Required 2 Required 3 Required 4 Required 5 Calculate January's ending inventory and cost of goods sold for the month using LIFO, periodic system. LIFO Cost of Goods Available for Sale Cost of Goods Sold - Periodic LIFO E nding Inventory - Periodic LIFO Cost of Cost per Goods of units Cost per Cost of of units Cost per Ending unit Available for sold unit Goods Sold in ending unit Inventory Inventory Sale S OP $ 0.00 S OP 5 0.00 $ Beginning Inventory Purchases January 10 January 18 Total of $ 0.00 5 of 01 0 0.00 0.00 $ 0500 0 4. Average cost, periodic system 5. Average cost, perpetual system Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Required 4 Required 5 Calculate January's ending inventory and cost of goods sold for the month using LIFO, perpetual system. Cost of Goods Available for Sale Cost of Goods Sold January 5 Cost of Goods Sold - January 12 Cost of Goods Sold - January 20 Inventory Balance Cost per of units cost per unit Cost per Goods Available for Ending Cost of Goods Sold of units Cost per sold unit Cost of Goods Sold of units Cost per sold unit cost of of units Goods Solde d Inventory Beg. Inventory 3 0 3 000 $ 3 000 30 50.00 5 of 50.00 Purchases 0. 000 01 000 0. 00 0.00 0.00 January 18 0 0 .00 0 0 3 0 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate January's ending inventory and cost of goods sold for the month using Average cost, periodic system. Cost of Goods Sold - Average Cost Ending Inventory - Average Cost Average Cost Cost of Goods Available for Sale Cost of Unit Goods # of units Cost Available for Sale # of units Average Cost of Cost per Goods Sold Unit # of units in ending Inventory Average Cost per unit Ending Inventory Beginning Inventory Purchases January 10 January 18 Total $ Required 1 Required 2 Required 3 Required 4 Required 5 Calculate January's ending inventory and cost of goods sold for the month using Average cost, per average cost per unit to 4 decimal places. Enter sales with a negative sign.) Inventory on hand Cost of Goods Sold Perpetual Average Cost per unit Inventory Value # of units Avg.Cost sold per unit Cost of Goods Sold 0 0 0 Beginning Inventory Sale - January 5 Subtotal Average Cost Purchase - January 10 Subtotal Average Cost 10 Sale - January 12 Subtotal Average Cost Purchase - January 18 Subtotal Average Cost Sale - January 20 Total O O 0 looo $ 0 $ 0