questions displayed below.] its of its principal product. The cost of each unit is $6. Inventory transactions for 5. Calculate January's ending inventory and cost of goods sold for the month using Ave Note: Round average cost per unit to 4 decimal places. Enter sales with a negative Answer is comblete but not entirelv correct. st of goods sold for the month using Average cost, perpetual system. hal places. Enter sales with a negative sign. complete but not entirely correct. Required information [The following information applies to the questions displayed below] A company began January with 8,000 units of its principal product. The cost of e the month of January are as follows: - Includes purchase price and cost of freight. 12.000 units were on hand at the end of the month. \begin{tabular}{|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Perpetual Average } & \multicolumn{3}{|c|}{ Inventory on hand } & \multirow[b]{2}{*}{\begin{tabular}{r} \begin{tabular}{r} Numb \\ of uni \\ sold \end{tabular} \\ sold \end{tabular}} \\ \hline & \begin{tabular}{l} Number \\ of units \end{tabular} & \begin{tabular}{l} Cost \\ per \\ unit \end{tabular} & \begin{tabular}{l} Inventory \\ Value \end{tabular} & \\ \hline Beginning Inventory & 8,000 & 6.0000 & $48,000 & \\ \hline Sale - January 5 & 4,000 & 6.0000 & 24,000 & \\ \hline \begin{tabular}{l} Subtotal Average \\ Cost \end{tabular} & 12,000 & 6.0000 & 72,000 & \\ \hline \begin{tabular}{l} Purchase - January \\ 10 \end{tabular} & 6,000 & 7.0000 & 42,000 & \\ \hline \begin{tabular}{l} Subtotal Average \\ Cost \end{tabular} & 18,000 & 6.6000 & 114,000 & \\ \hline Sale - January 12 & 2,000 & 6.6000 & 13,200 & \\ \hline \begin{tabular}{l} Subtotal Average \\ Cost \end{tabular} & 20,000 & 6.6000 & 127,200 & \\ \hline \begin{tabular}{l} Purchase - January \\ 18 \end{tabular} & 8,000 & 8.0000 & 64,000 & \\ \hline \begin{tabular}{l} Subtotal Average \\ Cost \end{tabular} & 28,000 & 7.3000 & 191,200 & \\ \hline Sale - January 20 & 4,000 & 7.3000 & 29,200 & \\ \hline Total & 32,000 & 4 & $220,400 & \\ \hline \end{tabular}