[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: Date of Purchase Jan. 10 Jan. 18 Totals Units 5,000 6,000 11,000 Purchases Unit Cost $ 6 7 Total Cost $30,000 42,089 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 3,000 8.000 units were on hand at the end of the month. Answer is complete but not entirely correct. Periodic COST of Goods Sale Ending Inventory. Periodic LIFO LO Cost LIFO Cost per unt 70 units GOSH Perurit Cost of Goods Available for Sale $ 30,000 Cost of Goods Sold Ending Inventory of units in ending Inventory per unit 5.00 0 $ 0 x $ s Is 0 0 6,000 o $5.00 5.00 0 0 Beginning Inventory Purchases January 10 January 18 Total $6.00 $7.00 600 7.00 5,000 6,000 17.000 6.00 7.00 0 $ 8,000 $ 8,000 30.000 42,000 $ 102,000 0 0.xls 0$ 0 56,000 $ 56,000 $ 0