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Ferris Company began 2016 with 7,000 units of its principal product. The cost of each unit is $8 Merchandise transactions for the month of January 2016 are as follows Purchases Jan. 10 Jan. 18 Date of Purchase Units Unit Cost Total Cost $ 36,000 70,000 4,000 S 9 7,000 Totals 11,000 $106,000 ?ncludes purchase price and cost of freight Sales Date of Sale Jan. Jan. 12 Jan. 20 Units 3,000 1,000 4,000 Total 8,000 10,000 units were on hand at the end of the month Required Calculate January's ending inventory and cost of goods sold for the month using each of the following alternatives Ending Inventory - Periodic LIFO # of units inventory Cost of Goods Available for Sale Cost of Goods Sold - Periodic LIFO LIFO Cost of Goods Cost per Cost per unit # of units Cost of # of units unit Available for Goods Sold in ending Cost per End sold unit Inventory Sale $ 0.00 S $ 0.00 S Beginning Inventory Purchases January 10 January 18 $ 0.00 $ 0.00 $ 0.00 $ 0.00 Total