! Required information [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 $8. Inventory transactions for the month of January are as follows: Date of Purchase Units January 10 5,000 Purchases Unit Cost* $ 9 Total Cost January 18 6,000 10 $ 45,000 60,000 Totals 11,000 * Includes purchase price and cost of freight. $ 105,000 Sales Date of Sale Units January 5 3,000 January 12 2,000 January 20 4,000 Total 9,000 8,000 units were on hand at the end of the month.