A company began January with 6,000 units of its principal product. The cost of each unit is $5. Inventory transactions for the month of January are as follows: Date of Purchase January 10 January 18 Totals *Includes purchase price and cost of freight. Date of Sale January 5 January 12 January 20 Total Sales Perpetual Average Units 5,000 6,000 11,000 Beginning Inventory Sale January 5 8,000 units were on hand at the end of the month. Purchases Unit Cost $6 7 Units 3,000 2,000 4,000 9,000 Subtotal Average Cost Purchase January 10 Subtotal Average Cost Sale - January 12 Subtotal Average Cost Purchase January 18 Subtotal Average Cost Sale - January 20 Total Problem 8-5 (Algo) Part 5 5. Calculate January's ending inventory and cost of goods sold for the month using Average cost, perpetual system. Note: Round average cost per unit to 4 decimal places. Enter sales with a negative sign. Total Cost $ 30,000 42,000 $ 72,000 Inventory on hand Number Cost per Inventory of units unit Value Number of units sold Cost of Goods Sold Average Cost per unit Cost of Goods Sold