please do FIFO and LIFO

Ferris Company began January with 9,000 units of its principal product. The cost of each unit is $5. Merchandise transactions for the month of January are as follows: Date of Purchase Jan. 10 Jan. 18 Totals Units 6,000 9,000 15,000 Purchases Unit Cost" $ 6 7 Total Cost $36,000 63,000 99,000 * Includes purchase price and cost of freight. Sales Date of Sale Jan. 5 Jan. 12 Jan. 20 Total Units 5,000 3,000 6,000 14,000 10,000 units were on hand at the end of the month. Problem 8-5 (Algo) Part 1 Required: 1. Calculate January's ending inventory and cost of goods sold for the month using FIFO. periodic system Required: 1. Calculate January's ending inventory and cost of goods sold for the month using FIFO periodic system. * Answer is complete but not entirely correct. Ending Inventory - Periodic FIFO FIFO Cost of Goods Available for Sale Cost of # of Cost Goods units per unit Available for Sale 9,000 $5.00 $ 45,000 Cost of Goods Sold - Periodic FIFO # of Cost of units Cost Goods sold Sold # of units in ending inventory Cost per unit per unit Ending Inventory 5,000 S 5.00 S 25.000 9,000 5.00 $ 45,000 Beginning Inventory Purchases: January 10 January 18 Total 6,000 9.000 24,000 $ 6.00 $ 7.00 36.000 63.000 $ 144,000 3,000 $ 6,000 $ 14,000 6.00 7.00 18,000 42.000 $ 85.000 10.000 $ $ 6.00 16,000 X $ 7.00 35,000 60,000 112.000 $ 217.000 2. Calculate January's ending inventory and cost of goods sold for the month using LIFO periodic system. Cost of Goods Sold - Periodic LIFO Ending Inventory - Periodic LIFO LIFO Cost of Goods Available for Sale Cost of # of units Cost per Goods unit Available for Sale 9,000 $ 5.00 $ 45,000 # of units sold Cost per Cost of Goods Sold Cost per unit #of units in ending #ventory unit Ending Inventory $ 500 5 0 $ 5.00 $ 0 Beginning Inventory Purchases January 10 January 18 Total $ $ 6,000 $ 6.00 9.000 $ 7.00 24,000 0 36,000 63,000 144,000 6.00 7.00 $ OOO 6.00 7.00 $ 0 S 0 $ 0 $ 0