Required information Problem 8.5 (Algo) Various inventory costing methods (LO8-1,8-4 The following information applies to the questioned below Fes Company began Jawy with 8,000 units of its principal product. The cost of each unit is 56. Merchandise Dansactions for the month of January we as follows Unit 5 Date Purchase Jan. ant Totats 3.000 14.00 Total cost 142.000 14.00 120.000 includes purchase price and cost of right Sans Jan 13 20 Total ht 4,000 2.000 4,000 10,000 12.000 unts were on hand at the end of the month 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 (Round everage cost per unit to a decimal places. Enter sales with a negative-sign) 12,000 units were on hand at the end of the month 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 (Round average cost per unit to 4 decimal places. Enter sales with a negative sign.) Inventory and Inventory Cost per of units unt Value Cost of Goods Gold of units Avg Cost Costa Perpetual Average Beginning Inventory Salewy 5 Subtotal Average Com Purchase - January 10 Subscrage Cool Sale January 12 Subfotal Average Cost Purchase. January 10 Subtotal Average Cost Sale - January 20 Total Required information Problem 8.5 (Algo) Various inventory costing methods (LO8-1,8-4 The following information applies to the questioned below Fes Company began Jawy with 8,000 units of its principal product. The cost of each unit is 56. Merchandise Dansactions for the month of January we as follows Unit 5 Date Purchase Jan. ant Totats 3.000 14.00 Total cost 142.000 14.00 120.000 includes purchase price and cost of right Sans Jan 13 20 Total ht 4,000 2.000 4,000 10,000 12.000 unts were on hand at the end of the month 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 (Round everage cost per unit to a decimal places. Enter sales with a negative-sign) 12,000 units were on hand at the end of the month 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 (Round average cost per unit to 4 decimal places. Enter sales with a negative sign.) Inventory and Inventory Cost per of units unt Value Cost of Goods Gold of units Avg Cost Costa Perpetual Average Beginning Inventory Salewy 5 Subtotal Average Com Purchase - January 10 Subscrage Cool Sale January 12 Subfotal Average Cost Purchase. January 10 Subtotal Average Cost Sale - January 20 Total