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Ferris Company Began January With 6,000 Units Of I... Help Save & E Che Ferris Company began January with 6,000 units of its principal product. The cost of each unit is $9. Merchandise ansactions for the month of January are as follows:" Date of Purchase Units Purchases Jan. 10 Unit Cost* 5, 000 Total Cost Jan. 18 6, 000 $ 10 $ 50, 000 66, 000 Totals 11, 000 116,000 Includes purchase price and cost of freight. Sales Date of Sale Units Jan.5 3,000 Jan. 12 2,000 Jan. 20 4, 000 Total 9, 000 300 units were on hand at the end of the month. ate January's ending inventory and cost of goods sold for the month using FIFO, perpetual system. 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 Balan FIFO: Cost of # of Unit Goods # of Cost per Cost of # of units Cost per Cost of # of units Cost per Cost of # of units Cost per units Cost Available for units unit Goods Sold sold unit Goods Sold sold unit Goods Sold in ending Sale sold inventory unit tory 6,000 $ 9.00 $ 54,000 $ 9.00 $ 0 $ 1 9.00 $ 9.00 $ 0 $ 9.00 10 5,000 10.00 50,000 10.00 10.00 0 10.00 10.00 18 6,000 11.00 66,000 11.00 11.00 0 11.00 of 11.00 17,000 $ 170,000 $ 0 $ o $ Ps A PIGXIO W