AB P 8-5 Various inventory costing methods Page 43 108-1, L08-4 Fernis Company began January with 6,000 units of its principal product. The cost of each uinut 19 $8. Merchandise transactions for the mouth of January are as follows Purchases Date of Purchase Units Unit Cost Total Cost Jan 10 5.000 59 $ 45,000 Jan. 18 6,000 10 60,000 $ 105,000 Total purchases 11,000 holides purchase price and cost of freight Sales Date of Sale Units Jan 5 3,000 Jan 12 2,000 Jan. 20 4,000 Total sales 9,000 band at the end of the month 8,000 units were on hand at the end of the mouth Required: Calculate January'sending to and cost of goods sold for the month wing tech of the fingers 1. FIFO, periodic system 2. LIFO, periodic system 3. FIFO, perpetual item + Average cost, periodic system 5. Average cost, perpetual stem