[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: Date of Purchase January 10. January 18 Totals Sales Units 6,000 7,000 13,000 "Includes purchase price and cost of freight. Date of Sale January 5 January 12 January 201 Total Units Purchases Unit Cost $7 8 3,000 1,000 4,000 8,000 12,000 units were on hand at the end of the month. Total Cost $ 42,000 56,000 $ 98,000 [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: Date of Purchase January 10. January 18 Totals Sales Units 6,000 7,000 13,000 "Includes purchase price and cost of freight. Date of Sale January 5 January 12 January 201 Total Units Purchases Unit Cost $7 8 3,000 1,000 4,000 8,000 12,000 units were on hand at the end of the month. Total Cost $ 42,000 56,000 $ 98,000