one question with 5 parts

Required information Problem 8-5 (Algo) Various inventory costing methods [LO8-1, 8-4) The following information applies to the questions displayed below.) Ferris Company began January with 8,000 units of its principal product. The cost of each unit is $9. Merchandise transactions for the month of January are as follows: Date of Purchase Jan. 10 Jan. 18 Totals Units 5,000 8,000 13,000 Purchases Unit Cost $ 10 11 Total Coat $ 50,000 88,000 138,000 * Includes purchase price and cost of freight. Sales Date of Sale Jan. 5 Jan. 12 Jan. 20 Total Units 3,000 3,000 4,000 10,000 11,000 units were on hand at the end of the month, Problem 8.5 / Alaal Part 1 11,000 units were on hand at the end of the month, Problem 8-5 (Algo) Part 1 Required: 1. Calculate January's ending inventory and cost of goods sold for the month using FIFO, periodic system, Cost of Goods Sold - Periodic FIFO FIED Cost per Cost per Cost of Goods Available for Sale Cost of of units Goods unit Available for Sale 8.000 $ 9.00 $ 72,000 #of units sold Cost of Goods Sold Ending Inventory - Periodic FIFO # of units Cost per In ending Ending unit Inventory Inventory $ 9.00 unit $ 9.00 $ 10.00 Beginning Inventory Purchases: January 10 January 18 Total $ $ 50,000 88,000 210,000 5,000 $ 10.00 8.000 $ 11.00 21.000 10.00 11.00 $ 11.00 $ 2. Calculate January's ending Inventory and cost of goods sold for the month using LIFO, periodic system. Cont of Goods Sold - Parodie LIFO Ending Inventory - Porlodic LIFO LIFO Cost of Goods Available for Sale Cost of Cost per of units Goods unit Available for Sale 8,000 $ 9.00 $ 72,000 of units sold Cost per Cost per unit Cost of Goods Sold of units In onding Inventory unit Ending Inventory $ 9.00 $ 9.00 Beginning Inventory Purchases: January 10 January 18 Total $ 5,000 $10.00 8,000 $ 11.00 21,000 50.000 88,000 210,000 $ $ 10.00 11.00 10.00 11.00 $ $ 3. Calculate January's ending inventory and cost of goods sold for the month using FIFO, perpetual system Cost of Goods Gold-January Cost of Goods Soul January 12 Custoode Bold-January 20 Pereto: Cost per Cost of Goods Available for Sale Coat of of Unit Goods unt Cost Available for Sale 8.000 50.00 5 72.000 OF unts sold unit Custe Wofunt cost per Goods Sold sold unit Cou Cool of Goods Bold of us Costa unit Contot Code Inende invet 5 9.00 0.00 9.00 5 Beg Inventory Purchases January 10 January 18 Total 0 10.00 5,000 8.000 21,000 10.00 11.00 50.000 88.000 210,000 10.00 1100 10.00 11.00 0 100 0 5 giro, perpetual system. Cast of Goods Sold - January 12 Cost of Goods Sold - January 20 Inventory Balance of units Cost per sold unit Cost of #of units Cost per Goods Sold sold unit Cost of Goods Sold Cost per # of units in ending Inventory unit Ending Inventory $ 9.00 9.00 $ 9.00 $ 0 10.00 0 10.00 11.00 + 10.00 11.00 11.00 0 0 Cost per 4. Calculate January's ending inventory and cost of goods sold for the month using Average cost, periodic system. Cost of Goods Available for Sale Cost of Goods Sold - Average Cost Ending Inventory - Average Cont Cost of Average cost Unit Goods Average of units # of units # of units Averago Cost of Cost per Available for Ending Cost in ending sold Goods Sold Unit Inventory Inventory Sale unit Beginning Inventory 8.000 $ 9.00 $ 72,000 Purchases: January 10 5,000 $ 10.00 50,000 January 18 8,000 $ 11.00 88,000 Total 21,000 $ 210,000 Problem 8-5 (Algo) Part 5 5. Calculate January's ending inventory and cost of goods sold for the month using Average cost, perp cost per unit to 4 decimal places. Enter sales with a negative sign.) Inventory on hand Perpetual Average Cost per Cost of Goods Sold # of units Avg.Cost Cost of sold Goods Sold of units Inventory Value bok unit per unit nt ences 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