Ferris Company began January with 6,000 units of its principal product. The cost of each unit is $5. Merchandise transactions for the month of January are as follows: Date of Purchase Jan. 10 Jan. 18 Totals Units 5,000 6,000 11,000 Purchases Unit Cost $ 6 7 Total Cost $30,000 42,000 72,000 * Includes purchase price and cost of freight. Sales Date of Sale Jan. 5 Jan. 12 Jan. 20 Total Units 3,000 2,080 4,000 9,000 8.000 units were on hand at the end of the month 5. Calculate January's ending inventory and cost of goods sold for the month using Average cost, perpetual system. (Round av cost per unit to 4 decimal places. Enter sales with a negative sign.) Answer is not complete. hama WA Anwesto 09 W of stol Good Perpetual Average 6,000 6,000 8.0000 $ 8 0000 48,000 48.000 > 96.000 12.000 8.0000 $ Beginning Inventory Sale - January 5 Subtotal Average Cost Purchase - January 10 Subtotal Average 25,890 3,000 8,6300 121.890 Cost 69,040 15,000 8 6300 8.000 86300 23,000 190.930 51.780 86300 6.000 Sale - January 12 Subtotal Average Cost Purchase - January 18 Subtotal Average Cost Sale - January 20 242.710 29,000 12.000 9 3100 111.720 un of 18 Next >