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 January 18 6,000 Totals 11,000 Purchases Unit Cost 89 Total cost 10 $ 45,000 60,000 $ 105,000 *Includes purchase price and cost of freight. Sales Date of Sale Units January 5 3,000 January 12 2,000 January 29 4,000 Total 9,000 8,000 units were on hand at the end of the month. Inventory on hand Perpetual Average Number of units Cost per Inventory unit Value 5. Calculate January's ending Inventory and cost of goods sold for the month using Average cost, perpetual system. Note: Round average cost per unit to 4 decimal places. Enter sales with a negative sign. Cost of Goods Sold Average Cost per unit Cost of Goods Sold Number of units sold Beginning Inventory Sale - January 5 $ 0 o Subtotal Average Cost 0 0 Purchase - January 10 0 Subtotal Average Cost 0 o Sale January 12 0 Subtotal Average Cost 0 0 Purchase - January 18 Subtotal Average Cost 0 0 Sale January 20 Total 0 $ 0 $ 0