Please also do the same thing for Perpetual FIFO, thank you!!1

Ferris Company began January with 4,000 units of its principal product. The cost of each unit is $7. Merchandise transactions for the month of January are as follows: Date of Purchase Jan. 10 Jan. 18 Units 3,000 4,000 7,000 Purchases Unit Cost* $ 8 9 Total Cost $24,000 36,000 60,000 Totals * Includes purchase price and cost of freight. Sales Date of Sale Jan. 5 Jan. 12 Jan. 20 Units 2,000 1,000 3,000 6,000 Total 5,000 units were on hand at the end of the month. Cost of Goods Available for Sale Cost of Goods Sold - January 5 Cost of Goods Sold - January 12 Cost of Goods Sold - January 20 Perpetual FIFO: Cost per # of units Unit Cost Cost of Goods Available for Sale # of units sold Cost of Goods Sold # of units sold Cost per unit Cost of # of units Goods Sold sold Cost per unit Cost of Goods Sold unit Beg. Inventory 4,000 $ 7.00 $ 28,000 $ 7.00 $ 0 $ 7.00 $ 0 $ 7.00 $ 0 Purchases: 3,000 8.00 24,000 8.00 0 8.00 0 8.00 January 10 January 18 Total Oo 4,000 9.00 36,000 9.00 O 9.00 0 9.00 11,000 $ 88,000 O $ 0 0 O 0 $ 0 Inventory Balance Cost per # of units in ending inventory Ending Inventory unit $ 7.00 $ 0 8.00 0 9.00 0 0 $ 0