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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 Date of Purchase Units Unit Cost Total Cost 4,000 S9S 36,000 70,000 Jan. 10 Jan. 18 7,000 10 Totals 11,000 S106,000 Includes purchase price and cost of freight Sales Date of Sale Jan. 5 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 Cost of Goods Available for Sale Cost of Goods Sold - January 5 Cost of Goods Sold - January 12 Cost of Goods Sold - January 20 Inventory Balance Perpetual LIFO: #of units Unit Cost Cost of Goods! #of Available for units # of units | Cost per Cost per Cost of unit Goods Sold sold | # of units Cost per | Cost of | # of units unit Goods Sold sold Cost per Cost of Ending Inventory unit Goods Sold in ending unit Sale inventory SO Beg. Inventory Purchases January 10 January 18 Total