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Required information Problem 8 - 5 ( Algo ) Various inventory costing methods [ LO 8 - 1 , 8 - 4 ] [ The

Required information
Problem 8-5(Algo) Various inventory costing methods [LO8-1,8-4]
[The following information applies to the questions displayed below.]
A company began January with 6,000 units of its principal product. The cost of each unit is $9. Inventory
transactions for the month of January are as follows:
?** Includes purchase price and cost of freight.
8,000 units were on hand at the end of the month.
Problem 8-5(Algo) Part 3
Calculate January's ending inventory and cost of goods sold for the month using FIFO, perpetual system.
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