Question: Please show work when solving Check my work Ferris Company began 2018 with 9,000 units of its principal product. The cost of each unit is

Please show work when solving  Please show work when solving Check my work Ferris Company began

Check my work Ferris Company began 2018 with 9,000 units of its principal product. The cost of each unit is $5. Merchandise transactions for the month of January 2018 are as follows: Purchases Unit Cost* Total Cost Date of Purchase Jan. 10 Jan. 18 Units 6,000 9,000 15,000 $36,000 63,000 99,000 Totals Includes purchase price and cost of freight. Sales Date of SaleUnits Jan. 5 Jan. 12 Jan. 20 5,000 3,000 6,000 Total 14,000 10,000 units were on hand at the end of the month. Required Calculate January's ending inventory and cost of goods sold for the month using each of the following alternatives: 1. FIFO, periodic system. 2. LIFO, periodic system. 3. LIFO, perpetual system. 4. Average cost, periodic system. 5. Average cost, perpetual system

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