Wk 2 - Apply: Summative Assessment [due Day 7] Saved 3 ! Required information [The following information applies to the questions displayed below.] Part 3 of 5 11.11 points eBook Ferris Company began January with 8,000 units of its principal product. The cost of each unit is $8. Merchandise transactions for the month of January are as follows: Date of Purchase Units Jan. 10 6,000 Purchases Unit Cost* 5 9 Jan. 18 8,000 10 Totals 14,000 *Includes purchase price and cost of freight. Sales References Date of Sale Units Jan. 5 4,000 Jan. 12 2,000 Jan. 201 5,000 Total 11,000 11,000 units were on hand at the end of the month. Total Cost $ 54,000 80,000 134,000 3. Calculate January's ending inventory and cost of goods sold for the month using FIFO, perpetual system. Help Save & Exit Submit Cost of Goods Available for Sale Cost of Goods Sold - January 5 Cost of Goods Sold - January 12 Cost of Goods Sold - January 20 Perpetual FIFO: # of units Unit Cost Cost of Goods Available for # of units sold Cost per unit Cost of Goods Sold # of units sold Cost per unit Cost of Goods Sold # of units sold Cost per unit Sale Das Inventor 31.000 Cost of Goods Sold in ending inventory Inventory # of units Cost unl