Ferris Company began January with 6,000 units of its principal product. The cost of each unit is $9. 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* Total Cont $ 10 $ 50,000 11 66,000 116,000 Includes purchase price and cost of freight Salou Date of Sale Jan. 5 Jan. 12 Jan. 20 Total Unito 3,000 2,000 4.000 9,000 8.000 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. Answer is complete but not entirely correct. Cost of Goods Sold - Average Cost Ending Inventory - Average Cost Average Cost Cost of Goods Available for Sale Cost of # of Unit Goods units Cost Available for Sale 6,000 $9.00 $ 54,000 # of units Average Cost per Unit Cont of Goods Sold # of units in ending inventory Average Cost per unit Ending Inventory sold Beginning Inventory Purchases: January 10 January 18 Total 5,000 50,000 $ 10.00 S 11.00 6,000 66,000 17,000 $ 170,000 9,000 $ 9.65 $ 86,850 8,000 S 10.31 $ 82,480