Tota Ls

$15,000$

$$15\%,000$

Includes purchase price and cost of freight.

$\backslash$table$[[$Sales$],[$Date of Sale,Units$],[$January $5,3,000],[$January $12,1,000],[$January $20,4,000],[$Total$,8,000],[,]]$

$12,000$ 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.

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$[[$Number$],[$of units$],[$sold$]],\backslash$table$[[$Average$],[$Cost per$],[$unit$]],\backslash$table$[[$Cost of$],[$Goods Sold$]]],[$Beginning Inventory$],[$Sale $-$ January $5],[$Subtotal Average Cost$],[$Purchase $-$ January $10],[$Subtotal Average Cost$],[$Sale $-$ January $12],[$Subtotal Average Cost$],[$Purchase $-$ January $18],[$Subtotal Average Cost$],[$Sale $-$ January $20],[$Total$,,,,,,]]$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 $7,000$ units of its principal product. The cost of each unit is $$9.$ Inventory transactions for

the month 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 $5$

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.