Ferris Company began January with 4,000 units of its principal product. The cost of each unit is $6. Merchandise transactions for the month of January are as follows: Date of Purchase Jan. 10 Jan. 18 Totals Purchases Unit Cost $ 7 Units 3,000 4.000 7,000 Total Cost $21,000 32,000 53,000 * Includes purchase price and cost of freight Units Sales Date of Sale Jan. 5 Jan. 12 Jan. 20 Total 2,000 1.000 3,000 6.000 5,000 units were on hand at the end of the month, 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 Unit # of units Goods Cost Available for Sale 4.000 $ 6.00 $ 24,000 Cost of Goods Sold - Average Cost # of units Average Cost of Cost per sold Unit Ending Inventory - Average Cout of units Average Ending Cost per Inventory inventory unit Average cost Goods Sold in ending Beginning Inventory Purchases January 10 January 18 Total 3,000 4,000 11,000 $ 700 $ 8.00 21.000 32.000 77.000 $