Required information Problem 8-5 (Algo) Various inventory costing methods [LO8-1, 8-4] [The following information applies to the questions displayed below.) A company began January with 6,000 units of its principal product. The cost of each unit is $9. Inventory transactions for the month of January are as follows: Date of Purchase Unite January 10 January 18 5,000 6,000 Purchases Unit Cost $10 Total Cost 11 $ 50,000 66,000 Totals 11,000 $116,000 Includes purchase price and cost of freight. Sales Date of Sale- Units January 5 3,000 January 12 2,000 January 20 4,000 Total 9,000 8,000 units were on hand at the end of the month. Check my work