ral-Shau Saved Launch Meeting -Z. Help Save & Exit Submit Required information [The following information applies to the questions displayed below.) Check my work Ferris Company began January with 6,000 units of its principal product. The cost of each unit is $8. Merchandise transactions for the month of January are as follows: Units Date of Purchase Jan. 10 Jan. 18 Totals 5,eee 6,eee 11,000 Purchases Unit Cost $ 9 10 Total Cost $ 45,000 60, eee $105,000 Includes purchase price and cost of freight. Sales Date of Sale Jan. 5 Jan. 12 Jan. 20 Total Units 3,eee 2, see 4, eee 9, eee 8,000 units were on hand at the end of the month. wate Windows Go to Settings to activate Windows. Check my work Total 9,000 8,000 units were on hand at the end of the month. 4. Calculate January's ending inventory and cost of goods sold for the month using Average cost, periodic system. Cost of Goods Sold - Average Cost Average Ending Inventory - Average Cost # of units Average Ending in ending Cost per Inventory inventory unit Average Cost Goods Cost of Goods Available for Sale Cost of Unit # of units Cost Available for Sale $ 0 # of units Cost of Cost per sold Goods Sold Unit 0 Beginning Inventory Purchases: January 10 January 18 Total S 01 Activate Windows Go to Settings to activate Windows. 13 14 of 14 Fh