Required information Part 4 of 5 [The following information applies to the questions displayed below.] 18.18 points Ferris Company began January with 6,000 units of its principal product. The cost of each unit is $6. Merchandise transactions for the month of January are as follows: Purchases Unit Cost* Units 5,000 Date of Purchase Jan. 10 Jan. 18 Totals Total Cost $35,000 48,000 83,000 6,000 11,000 eBook Print * Includes purchase price and cost of freight. References Sales Date of Sale Jan. 5 Jan. 12 Jan. 20 Total Units 3,000 2,000 4,000 9,000 8,000 units were on hand at the end of the month. 4. Calculate January's ending inventory and cost of goods sold for the month using Average cost, periodic system. Cost of Goods Sold - Average Cost Ending Inventory - Average Cost Average Cost Cost of Goods Available for Sale Cost of Unit Goods # of units Cost Available for Sale Average Cost per Unit #of units sold Ending Cost of Goods Sold # of units in ending inventory Average Cost per unit Inventory Beginning Inventory Purchases: January 10 January 18 Total