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Required information [The following information applies to the questions displayed below.] Part 1 of 5 Ferris Company began January with 7,000 units of its principal product. The cost of each unit is $8. Merchandise transactions for the month of January are as follows: 10 Purchases points Date of Purchase Units Unit Cost* Total Cost Jan. 10 4,000 $ 9 $ 36,000 Jan. 18 7,000 10 70,000 Totals 11, 000 106,000 eBook Print * Includes purchase price and cost of freight. References Sales Date of Sale Units Jan. 5 3,000 Jan. 12 1, 000 Jan. 20 4, 000 Total 8, 000 10,000 units were on hand at the end of the month.10,000 units were on hand at the end of the month. Part 1 of 5 Required: 1. Calculate January's ending inventory and cost of goods sold for the month using FIFO, periodic system. 10 points Cost of Goods Available for Sale Cost of Goods Sold - Periodic FIFO Ending Inventory - Periodic FIFO Cost of FIFO # of units Cost per Goods # of units Cost per Cost of # of units in ending Cost per Ending eBook unit Available for sold unit Goods Sold Inventory Sale inventory unit Print Beginning Inventory 7,000 $ 8.00 $ 56,000 7,000 $ 8.00 $ 56,000 $ 8.00 $ References Purchases: January 10 4,000 $ 9.00 36,000 $ 9.00 0 $ 9.00 January 18 7,000 $ 10.00 70,000 $ 10.00 C 7,000 $ 10.00 70,00C Total 18,000 $ 162,000 7,000 $ 56,000 7,000 $ 70,0002 U Required information [The following information applies to the questions displayed below.] Part 2 of 5 Ferris Company began January with 7,000 units of its principal product. The cost of each unit is $8. Merchandise transactions for the month of January are as follows: 10 points Purchases Date of Purchase Units Unit Cost* Total Cost Jan. 10 4,000 $ 9 $ 36,000 Jan. 18 7,000 10 70,000 eBook Totals 11, 000 106,000 Print References * Includes purchase price and cost of freight. Sales Date of Sale Units Jan. 5 3, 000 Jan. 12 1, 000 Jan. 20 4, 000 Total 8, 000 10,000 units were on hand at the end of the month.10,000 units were on hand at the end of the month. Part 2 of 5 2. Calculate January's ending inventory and cost of goods sold for the month using LIFO, periodic system. 10 Cost of Goods Available for Sale Cost of Goods Sold - Periodic LIFO Ending Inventory - Periodic LIFO points Cost of LIFO Cost per Goods # of units Cost per Cost of # of units Cost per Ending # of units unit Available for sold unit Goods Sold in ending unit Inventory Sale inventory eBook Beginning Inventory 7,000 $ 8.00 $ 56,000 $ 8.00 $ 0 $ 8.00 $ Print Purchases: References January 10 4.000 $ 9.00 36,000 $ 9.00 C $ 9.00 January 18 7,000 $ 10.00 70,000 $ 10.00 0 $ 10.00 Total 18,000 $ 162,000 0 $ $3 Required information [The following information applies to the questions displayed below.] Part 3 of 5 Ferris Company began January with 7,000 units of its principal product. The cost of each unit is $8. Merchandise transactions for the month of January are as follows: 10 Purchases points Date of Purchase Units Unit Cost* Total Cost Jan. 10 4,000 $ 9 $ 36,000 Jan. 18 7,000 10 70, 000 eBook Totals 11, 000 106,000 Print References * Includes purchase price and cost of freight. Sales Date of Sale Units Jan. 5 3, 000 Jan. 12 1,000 Jan. 20 4, 000 Total 8, 000 10,000 units were on hand at the end of the month.Check my work 3 wall. EV Total 8, 000 10,000 units were on hand at the end of the month. Part 3 of 5 3. Calculate January's ending inventory and cost of goods sold for the month using FIFO, perpetual system. 10 points Cost of Goods Available for Sale Cost of Goods Sold - January 5 Cost of Goods Sold - January 12 Cost of eBook Perpetual FIFO: Cost of # of Unit Goods # of Cost per Cost of # of units Cost per Cost of # of unit units Cost Available for units sold unit Goods Sold sold unit Goods Sold sold Print Sale References Beg. Inventory 7,000 $ 8.00 $ 56,000 $ 8.00 $ 0 $ 8.00 $ 0 Purchases: January 10 4,000 9.00 36,000 9.00 0 9.00 0 January 18 7,000 10.00 70,000 10.00 O 10.00 O Total 18,000 $ 162,000 0 O 0 $ 0 Mc4 Required information [The following information applies to the questions displayed below.] Part 4 of 5 Ferris Company began January with 7,000 units of its principal product. The cost of each unit is $8. Merchandise transactions for the month of January are as follows: 10 Purchases points Date of Purchase Units Unit Cost* Total Cost Jan. 10 4,000 $ 9 $ 36,000 Jan. 18 7,000 10 70, 000 Totals 11, 000 106,000 eBook Print References * Includes purchase price and cost of freight. Sales Date of Sale Units Jan. 5 3,000 Jan. 12 1, 000 Jan. 20 4, 000 Total 8, 000 10,000 units were on hand at the end of the month.10 4. Calculate January's ending inventory and cost of goods sold for the month using Average cost, periodic system. points Cost of Goods Available for Sale Cost of Goods Sold - Average Cost Ending Inventory - Average Cost eBook Cost of Average Cost Unit Goods Cost of # of units Average Ending # of units # of units Average Cost Available for sold Cost per in ending Cost per Print Goods Sold Inventory Sale Unit inventory unit References Beginning Inventory 7,000 $ 8.00 $ 56,000 Purchases: January 10 4,000 $ 9.00 36,000 January 18 7,000 $ 10.00 70,000 Total 18,000 $ 162,000b Required information [The following information applies to the questions displayed below.] Part 5 of 5 Ferris Company began January with 7,000 units of its principal product. The cost of each unit is $8. Merchandise transactions for the month of January are as follows: 10 points Purchases Date of Purchase Units Unit Cost* Total Cost Jan. 10 4,000 $ 9 $ 36,000 Jan. 18 7,000 10 70, 000 eBook Totals 11, 000 106,000 Print References * Includes purchase price and cost of freight. Sales Date of Sale Units Jan. 5 3, 000 Jan. 12 1, 000 Jan. 20 4, 000 Total 8, 000 10,000 units were on hand at the end of the month.5. Calculate January's ending inventory and cost of goods sold for the month using Average cost, perpetual system. (Round average cost per unit to 4 decimal places. Enter sales with a negative sign.) Part 5 of 5 Inventory on hand Cost of Goods Sold Perpetual Average # of units Cost per Inventory # of units Avg.Cost Cost of 10 unit Value sold per unit Goods Sold points Beginning Inventory Sale - January 5 eBook Subtotal Average Cost Print Purchase - January 10 Subtotal Average Cost References Sale - January 12 Subtotal Average Cost Purchase - January 18 Subtotal Average Cost Sale - January 20 Total