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Problem $8-5($Algo$)$ Various inventory costing methods $[$LO$8-1,8-4]$

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A company began January with $9,000$ units of its principal product. The cost of each unit is $$4.$ Inventory transactions for the month of January are as follows:

$\backslash$table$[[,$Purchases$],[$Date of Purchase,Units,Unit Cost$*,$Total cost$],[$January $10,6,000,5,$$$30,00$

Chapter $8$ Homework $($i$)$

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$10,000$ units were on hand at the end of the month.

Problem $8-5($Algo$)$ Part $5$

Part $5$ of $5$

$0\mathrm{.}5$ points

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$5.$ Calculate January's ending inventory and cost of goods. sold for the month using Average cost, perpetual system.

Note: Round average cost per unit to $4$ decimal places. Enter sales with a negative sign.

$\backslash$table$[[\backslash$table$[[$Perpetual Average$],[$Beginning Inventory$]],$Inventory on hand,Cost of Goods Sold$],[\backslash$table$[[$Number$],[$of units$]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Inventory$],[$Value$]],\backslash$table$[[\backslash$table$[[$Number$],[$of units$],[$sold$]]]],\backslash$table$[[$Average$],[$Cost per$],[$unit$]],\backslash$table$[[$Cost of$],[$Goods Sold$]]],[,,$$$,,,],[$Sale $-$ January $5,,0,0,,-,],[$Subtotal Average Cost,$0,$E$,0,-,,],[$Purchase $-$ January $10,,8,8,,\_,],[$Subtotal Average Cost,$0,,0,,,],[$Sale $-$ January $12,,,0,,-,],[$Subtotal Average Cost,$0,,.,,,4],[$Purchase $-$ January $18,,,0,,,],[$Subtotal Average Cost,$0,,0,11,8,8],[$Sale $-$ January $20,,-,$:$.i=,-,,],[$Total $.,?,,$$$,0,,$$