[The following information applies to the questions displayed below.] A company began January with 7,000 units of its principal product. The cost of each unit is $6. Inventory transactions for the month of January are as follows: Includes purchase price and cost of freight. 10,000 units were on hand at the end of the month. \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{\begin{tabular}{l} Cost of \\ oods Sold \end{tabular}} & \multicolumn{3}{|c|}{ Cost of Goods Sold - January 20} & \multicolumn{3}{|c|}{ Inventory Balance } \\ \hline & \begin{tabular}{c} Number \\ of units \\ sold \end{tabular} & \begin{tabular}{c} Cost per \\ unit \end{tabular} & \begin{tabular}{c} Cost of \\ Goods Sold \end{tabular} & \begin{tabular}{c} Number of \\ units in \\ ending \\ inventory \end{tabular} & \begin{tabular}{c} Cost per \\ unit \end{tabular} & \begin{tabular}{c} Ending \\ Inventory \end{tabular} \\ \hline & & $6.00 & & & 6.00 & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline 0 & 7.00 & & 7.00 \\ \hline 0 & 8.00 & 0 & 8.00 \\ \hline \end{tabular}