Ferris Company began January with 9,000 units of its principal product. The cost of each unit is $5. Merchandise transactions for the month of January are as follows 6,000 Date of Purchase jan. 10 Jan. 18 Totals Purchases Unit Coses $ 6 2 Yotal Cost $36,000 63,000 99.00 15,000 * Includes purchase price and cost of freight Sales Date of 75 Jan 12 29 Total Units 5,000 3,000 000 14.000 . 10.000 units were on hand at the end of the month. Required: 1. Calculate January's ending inventory and cost of goods sold for the month using FIFO periodic system have completed so far, I does not indicate completion 6 Required Information Return to quest Part 1 of 5 Cost of Goods Sold Periodic EIFO FIFO Cost of Goods Available for Sole Cost #of Cost of Goods units per mit Available for Sale 9.000 $5.00 $ 45.000 ol Cost 2 units SOM pe Ending Investory-Periodico of units is ending Cost tory wory 05 500 $ Cost of Goods Sold $45.000 Ending per unit 9.000 55.00 Beginning inventory Purchases January 10 January 18 Total 6.900 9.000 24000 5600 $7.00 36.000 63.000 $ 144 000 3.000 $ 0 12,000 6.00 7.00 78,000 3.000 S 500 9000 5700 12.000 18000 63.000 501000 $ 63.000 ME G Ball