Vk 2 - Apply: Homework (due day 7] Saved Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It do 6 [The following information applies to the questions displayed below.) Ferris Company began January with 9,000 units of its principal product. The cost of each unit is $5. Merchandise transactions for the month of January are as follows: Part 5 of 5 Date of Purchase Jan. 10 Jan. 18 Totals 3.33 olnts Purchases Unit Cost" $ 6 7 Units 6,000 9,000 15,000 Total Cost $36,000 63,000 99,000 * Includes purchase price and cost of freight. Sales Date of Sale Jan. 5 Jan. 12 Jan. 20 Total Units 5,000 3,000 6,000 14,000 10,000 units were on hand at the end of the month 5. Calculate January's ending inventory and cost of goods sold for the month using Average cost, perpetual system. (Round a cost per unit to 4 decimal places. Enter sales with a negative sign.) 9 6 SHOWS What is correct or incorrect for the work you have completed so far. It 5 cost per unit to 4 decimal places. Enter sales with a negative sign.) X Answer is not complete. 5 of 5 Perpetual Average # of units sold Cost of Goods Sold Avg.Cost Cost of Goods per unit Sold Beginning Inventory Sale - January 5 Subtotal Average Inventory on hand Cost # of Inventory units per Value unit 9,000 5.0000 $ 45,000 4,000 X 5.0000 20,000 13,000 65,000 Cost 6,000 6.0000 36,000 19,000 101,000 3,000 0 22,000 101,000 Purchase - January 10 Subtotal Average Cost Sale - January 12 Subtotal Average Cost Purchase - January 18 Subtotal Average Cost Sale - January 20 Total 9,000 7.0000 63.000 31,000 164.000 0 $ 164,000 0 1$ 31,000 0