2 question

Samuelson and Messenger (SAM) began 2021 with 360 units of its one product. These units were purchased near the end of 2020 fot $20 each. During the month of January, 180 units were purchased on January 8 for $23 each and another 360 units were purchased on January 19 for $25 each. Sales of 170 units and 270 units were made on January 10 and January 25, respectively. There were 460 units on hand at the end of the month. SAM uses a periodic inventory system. Required: 1. Calculate ending inventory and cost of goods sold for January using FIFO. 2. Calculate ending inventory and cost of goods sold for January using average cost. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate ending inventory and cost of goods sold for January using average cost. (Round cost per unit to 3 decimal plar Cost of Goods Available for Cost of Goods Sold - Average Cost of units Average Cost Unit Cost of Goods Available for Sale Average of units Endang Inventory - Average Cost of units Average ending Cost per wentory unit Average Cost per Cost of UnaG oods Sold Ending Inventory 2015 20:00 Samuelson and Messenger (SAM) began 2021 with 360 units of its one product. These units were purchased near the end of 2020 fot $20 each. During the month of January, 180 units were purchased on January 8 for $23 each and another 360 units were purchased on January 19 for $25 each. Sales of 170 units and 270 units were made on January 10 and January 25, respectively. There were 460 units on hand at the end of the month. SAM uses a periodic inventory system. Required: 1. Calculate ending inventory and cost of goods sold for January using FIFO. 2. Calculate ending inventory and cost of goods sold for January using average cost Complete this question by entering your answers in the tabs below. Required Required 2 Calculate ending inventory and cost of goods sold for January using FIFO. Cost of Goods Available for Sale 2.50 # of units Cost per cost of Goods Available for Sale Cost of Goods Sold Periodic FIFO of units 1 Cost of Cost per sold Goods Sold 20.005 3400 Ending Inventory Periode FIFO of units in ende Cost per Ending inventory unit Inventory 20.00 S Beginning inventory 3001 $ 20.00 5 7 200 180 23.00 25. 00 4.140 0 .000 2 0340170 900 33400