Required Information The following information applies to the questions displayed below) Fems Company began January with 4,000 units of its principal product. The cost of each unit is $7 Merchandise transactions for the month of January are as follows: Units Unit Cost Date of Purchase Jan. 12 Jan. 18 Totais Total Cost $24,000 36,00 includes purchase price and cost of freight Date of Se Jan. 12 5,000 units were on hand at the end of the month Required: 1. Calculate January's ending inventory and cost of goods sold for the month using FIFO periodic system. Cost of Goods Sold Periodic HFO Ending Inventory Periodico O Cost of Goods Available for Sale Cost of Caper Goods unit Available for Sale of units sold Cost per cost of unit G oods Sold cont per unit inventory Inventory ning Inventory January 18 Required Information The following information applies to the questions displayed below) Fems Company began January with 4,000 units of its principal product. The cost of each unit is $7 Merchandise transactions for the month of January are as follows: Units Unit Cost Date of Purchase Jan. 12 Jan. 18 Totais Total Cost $24,000 36,00 includes purchase price and cost of freight Date of Se Jan. 12 5,000 units were on hand at the end of the month Required: 1. Calculate January's ending inventory and cost of goods sold for the month using FIFO periodic system. Cost of Goods Sold Periodic HFO Ending Inventory Periodico O Cost of Goods Available for Sale Cost of Caper Goods unit Available for Sale of units sold Cost per cost of unit G oods Sold cont per unit inventory Inventory ning Inventory January 18