! Required information (The following information applies to the questions displayed below.] Ferris Company began January with 8,000 units of its principal product. The cost of each unit is $8. Merchandise transactions for the month of January are as follows: Date of Purchase Jan. 10 Jan. 18 Totals Units 6,000 8,000 14,000 Purchases Unit cost $ 9 10 Total Cost $ 54,000 80,000 134,000 Includes purchase price and cost of freight Sales Date of Sale Jan. 5 Jan. 12 Jan. 20 Total Units 4,000 2,000 5,000 11,000 n hand at the end of the month. ding inventory and cost of goods sold for the month using FIFO perpetual system. joods Available for Sale Cost of Goods Sold - January 5 Cost of Goods Sold - January 12 Cost of Goods Sold - January 20 Inventory Balance of Cost per Unit Cost Cost of Goods Sold units sold # of units Cost per unit Cost of # of units Cost per Goods Sold sold unit Cost of Goods Sold Cost per Cost of Goods Available for Sale $ 64,000 #of units in ending Inventory Ending Inventory unit unit Sold $ 8.00 6,000 $ 48.000 64.000 8.00 $ 8,000 $ $ 8.00 $ 0 $ 8.00 $ 8.00 $ 0 9.00 0 9.00 9.00 10.00 45.000 0 9.00 10.00 9.00 10.00 0 10.00 0 54.000 80,000 198,000 5,000 0 11,000 10.00 $ s 8.000 64,000 $ 0 0 s 93,000 $