Required information [The following information applies to the questions displayed below.] Ferris Company began January with 6,000 units of its principal product. The cost of each unit is $9. Merchandise transactions for the month of January are as follows: Date of Purchase Jan. 10 Jan. 18 Totals Units 5,000 6,000 11,000 Purchases Unit Cost $ 10 11 Total cost $ 50, eee 66,000 116,000 * Includes purchase price and cost of freight Sales Date of Sale Jan. 5 Jan. 12 Jan. 20 Total Units 3,000 2,000 4,000 9,000 7 8,000 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 Codol Gerods alt for Sale Contoh Soalan H c pH n Una Como Custe Cest Cost Gods Catul Good Bog inventory 6000 3 00 54000 1 500 0 5 9001 5000 50 305 0 1000 Jangay 10 January 10 Total 5.000 6000 17.000 1000 110 50.000 660 179.000 1000 11 00 1000 1150 1000 11.00 . . 0 5 5.000 1315400