Required Informatlon Problem 8-5 (Algo) Varlous Inventory costling methods [LO8-1, 8-4] [The following information applles to the questions displayed below] A company began January with 5,000 units of Tis principal product. The cost of each unlt is \$8. Inventory transactlons for the month of January are as follows: *Includes purchase price and cost of frelght. 7,000 units were on hand at the end of the month. Problem 8-5 (Algo) Part 2 2. Calculate January's ending inventory and cost of goods sold for the month using LLFO, perlodic system