Required informetion Problem 8-5 (Algo) Various inventory costing methods [LO8-1, 8-4] [The following information apples to the questions displioyed below] A company began January with 7,000 units of its principal product. The cost of each unit is $7 inventory transactions for the morth of January are as follows - Includes purchase price and cost of freight. 12.000 units were on hand at the end of the month. Problem 8.5 (Algo) Part 5 5. Calculate January's ending inventory and cost of goods sold for the month using Average cost, perpetual system