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Required information

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

$[$The following information applies to the questions displayed below.$]$

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$

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

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

Part $5$ of $5$

$0\mathrm{.}5$ points

References

$5.$ 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$[[$Perpetual Average,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$]]],[$Beginning Inventory,,,$$,,,],[$Sale $-$ January $5,,0,,,.,],[$Subtotal Average Cost,$0,2,,$s$,,],[$Purchase $-$ January $10,,$A$,-,,,],[$Subtotal Average Cost,$0,,,,,],[$Sale $-$ January $12,,,,,-,k$