Saved 1 Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indica 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: Date of Purchase Jan. 10 Jan. 18 Totals Units 5,000 6,000 11,000 Purchases Unit Cost" $ 6 7 Total Cost $30,000 42,000 72,000 * 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 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, Answer is not complete Cost of Good Cosoficos Body Cost of Goods Sold January 12 co Perpetual FIFO: Oost Cost CON GOOs Available to Sale Cost of #01 Unit Goods units COSE Available for Sale 6,000 $5.00 s 30,000 Cost of Goods Sold Cost of Goods Sold #of units sold pe # of units sold units sold per Unit per unit 5 $ 5.00 $ $ 30,000 5.00 $ 30,000 6,000 6,000 $ 0 6 Beg Inventory Purchases January 10 January 18 Total 6.00 7.00 5,000 6,000 17.000 7 6.00 7.00 30,000 42,000 $ 102,000 3,000 0 9,000 6.00 7.00 18,000 0 $ 48,000 0 $ 30,000 0 6,000 X Answer is not complete. Boods Sold January 12 Cost of Goods Sold January 20 Inventory Balance Cost Cost Cost of Goods Sold # of units COSE per unit Cost of Goods Sold # of units in ending inventory Ending Inventory per unit per unit sold $ 0 $ 5.00 $ 0 >$ $ 5.00 5.00 $ 30,000 6.00 6.00 0 0 6.00 7.00 ololo 7.00 0 7.00 0 0 0 0 $ $ 0 0 $ 30,000