(The following information applies to the questions displayed below.) art 4 of 5 Ferris Company began January with 5,000 units of its principal product. The cost of each unit is $8. Merchandise transactions for the month of January are as follows: 33 lnts Purchases Unit Cost Date of Purchase Jan. 10 Jan. 18 Units 3,000 5,000 8,000 Total Cost $27,000 50,000 77,000 eBook Totals Print * Includes purchase price and cost of freight. References Sales Date of Sale Jan. 5 Jan. 12 Jan. 20 Unite 2,000 W 3,000 Total 7000 units were on hand at the end of the month, 5 4. Calculate January's ending inventory and cost of goods sold for the month using Average cost periodic system. Cost of Goods Sold - Average Cost Ending Inventory - Average Cost Average Cost Cost of Goods Available for Sale Cost of Unit Goods # of units Cost Available for Average # of units sold Cost per Cost of Goods Sold # of units in ending inventory Average Cost per unit Ending Inventory Unit TE 5.000 $ 8.00 9. 40.000 aces Beginning Inventory Purchases: January 10 January 18 Total 27.000 3,000 S 9.00 5.000 $ 10.00 13.000 50.000 117.000 $ 0 5 0 6 h Inventory on hand Cost of Goods Sold Perpetual Average Cost per # of units Inventory Value # of units sold Avg.Cost Cost of Goods Sold unit per unit 0 0 0 0 0 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 0 0 $ 0 0 $ 0