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 $5. Merchandise transactions for the month of January are as follows Units 5.ee Purchases unit Cart 5. Date of Purchase Santo Jan 18 Totals Total cost 30, 42, 72,00 11.00 * Includes purchase price and cost of freight Sais Date of Sale an 5 Units 3.000 2.ee Jan 20 1.000 8.000 unts were on hand at the end of the month 5. Calculate Januarys ending inventory and cost of goods sold for the month using Average cost perpetual system (Round everage cost per unit to 4 decimal places. Enter sales with a negative sign) 5. Calculate January's ending Inventory and cost of goods sold for the month using Average cost, perpetual system. (Round average cost per unit to 4 decimal places. Enter sales with a negative sign.) Inventory on hand Cost of Goods Sold Perpetual Average Cost per #of units unit Inventory Value # of units sold Avg.Cost per unit Cost of Goods Sold $ 0 0 0 0 o 0 0 Beginning inventory Sale - January 5 Subtotal Average Cost Purchase - January 10 Subtotal Average Cost Sale - January 12 Subtotal Average Cost Purchase - January 18 Subtotal Average Cost Sale - January 20 Total 0 0 0 0 0 G 0 0 5