Required Information Problem 8-5 (Algo) Varlous Inventory costing methods [LOS-1, 8-4] [The following information applles to the questrons displayed belowi A company began January with 5.000 units of its princlpal product. The cost of each unit is $8. Inventory transactions for the month of January are as follows: *Includes purchase price and cost of freight 7.000 units were on hand at the end of the month Problem 8-5 (Algo) Part 4 4. Calculate January's ending inventory and cost of goods sold for the month using Average cost, penlodic system