OUNTING blem 8-5 Question 5.00 points Ferris Company began 2016 with 9,000 units of its principal product The cost of each unit is $4 Merchandise transactions for the month of January 2016 are as follows Purchases Date of Purchase Units Unit Cost" To Cost Jan. 10 6,000 5 $30,000 Jan 18 9,000 54,000 15,000 Totals $84,000 "Includes purchase price and cost of freight Date of Sale Units 5.000 Jan. 5 Jan 12 3.000 6,000 Jan 20 14.000 Total 10,000 units were on hand at the end of the month 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 Peiodic FlFo Endin of Cost per Cost of cost of of uni units Goods of units Cost per in end unit Available for sold unit Goods Sold invento FIFO 400 9,000 400 36,000 Beginning Inventory Purchases 5.00 30,000 6,000 5,00 January 10 54,000 9,000 6.00 January 18