Ferris Company began January with 6,000 units of its principal product. The cost of each unit is $8. Merchandise transactions for the month of January are as follows: Date of Purchase Jan. 10 Jan. 18 Totals Units 5, 6, Bee 11,898 Purchases Unit Cost $ 9 1e Total Cost $ 45,000 60,000 $105,000 * Includes purchase price and cost of freight. Sales Date of Sale Jan. 5 Jan. 12 Jan. 2e Total Units 3,000 2,000 4,000 9,000 8.000 units were on hand at the end of the month. Problem 8-5 (Static) Part 5 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.) Perpetual Average Inventory on hand Inventory Cost of Goods Sold # of units Avg.Cost Cost of sold per unit Goods Sold # of units Cost per unit Value S 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 S 0 0 $ 0