! Required information [The following information applies to the questions displayed below.] Ferris Company began January with 9,000 units of its principal product. The cost of each unit is $5. Merchandise transactions for the month of January are as follows: Date of Purchase Jan. 10 Jan. 18 Totals Units 6,000 Purchases Unit Cost* $ 6 Total Cost $36,000 9,000 7 63,000 15,000 99,000 *Includes purchase price and cost of freight. Sales Date of Sale Units Jan. 5 5,000 Jan. 12 3,000 Jan. 20 6,000 Total 14,000 10,000 units were on hand at the end of the month. 3. Calculate January's ending inventory and cost of goods sold for the month using FIFO, perpetual system. ede Available for Sale Cost of January Cost of Condo Sold January 10 Cost of Goods Sold January 20 Inventor