Ferris Company began January with 8,000 units of its principal product. The cost of each unit is $7 Merchandise transactions for the month of January are as follows: Date of Purchase Jan. 10 Jan. 18 Totals Purchases Unit Cost $ 8 Units 6,000 8,000 14,000 Total Cost $ 48,000 72,080 120,000 Includes purchase price and cost of freight Sales Date of Sale Jon, 5 Jan 12 Jan 20 Total Units 4,000 2,000 5.000 11.000 11.000 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 Sold Average Cost Ending inventory. Average Cost Avete Cost Cost of Goods Available for Sale Cost of Unit Goods # of units Cost Available for Salo 8.000 87.00 $ 56.000 #of units sold Average Cost per Unit Cost of Goods Sold Wof units inrending inventory Average Cost per unit Ending Inventory Beginning invertory Pura Jauno January 19 8.000 $ 3.00 3.000 5900 22.000 46.000 72.000 178 000