Ferris Company began January with 4,000 units of its principal product. The cost of each...
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Ferris Company began January with 4,000 units of its principal product. The cost of each unit is $7. Merchandise transactions for the month of January are as follows: Purchases Date of Purchase Unita Unit Cont Total Cost Jan. 10 3,000 $8 $24,000 Jan. 18 4,000 36,000 Totals 7.000 60,000 Part 5 of 5 points * Includes purchase price and cost of freight BOOK Sales Dato Sale Jan 5 Jan. 12 Jan. 20 Total Units 2,000 1,000 3.000 6,000 5,000 units were on hand at the end of the month. References 5. Calculate January's ending inventory and cost of goods sold for the month using Average cost perpetual system. (Round average cost per unit to 4 decimal places. Enter sales with a negative sign.) Perpetual Average Inventory on hand of units Inventory unit Value Cost per Cost of Goods Sold w of units Avg.Cost Cost of sold per unit Goods Sold Beginning Inventory Sale January Subtotal Average Cost Purchase. January 10 Subtotal Average Cost Sale January 12 Subtotal Average Cool Purchase January 18 Subtotal Average Cou Salt January 20 Total
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