Perpetual FIFO:Cost of Goods Available for SaleCost of Goods Sold - January 5Cost of Goods Sold - January 12Cost of Goods Sold - January 20Inventory Balance# of unitsUnit CostCost of Goods Available for Sale# of units soldCost per unitCost of Goods Sold# of units soldCost per unitCost of Goods Sold# of units soldCost per unitCost of Goods Sold# of units in ending inventoryCost per unitEnding InventoryBeg. Inventory8,000$8.00$64,0004,000$8.00$32,000$8.00$0$8.00$0$8.00$0Purchases:January 106,0009.0054,00009.0009.0009.00010,0009.0090,000January 188,00010.0080,000010.00010.00010.00010.000Total22,000$198,0004,000$32,0000$00$010,000$90,000 Perpetual AverageInventory on handCost of Goods Sold# of unitsCost per unitInventory Value# of units soldAvg.Cost per unitCost of Goods SoldBeginning Inventory$0Sale - January 50Subtotal Average Cost00Purchase - January 106,0009.000054,000Subtotal Average Cost6,00054,000Sale - January 120Subtotal Average Cost6,00054,000Purchase - January 188,00010.000080,000Subtotal Average Cost14,000134,000Sale - January 200Total

Ferris Company began January with 8,000 units of its principal product. The cost of each unit is $8. Merchandise transactions for the month of January are as follows: Purchases Date of Purchase Units Unit Cost* Total Cost 1 of 2 Jan. 10 6,000 $ 9 $ 54, 000 Jan. 18 8, 000 10 80,000 Totals 14, 000 134, 060 * Includes purchase price and cost of freight. Book Sales Date of Sale Units Ask Jan. 5 4,000 Jan. 12 2, 000 Print Jan . 20 5,000 Total 11, 000 ferences 11,000 units were on hand at the end of the month