3 3 points Skipped eBook Brief Exercise 8-6 (Algo) Inventory cost flow methods; perpetual system [LO8-4] Samuelson and Messenger (SAM) began 2021 with 320 units of its one product. These units were purchased near the end of 2020 for $22 each. During the month of January, 160 units were purchased on January 8 for $25 each and another 320 units were purchased on January 19 for $27 each. Sales of 220 units and 180 units were made on January 10 and January 25, respectively. There were 400 units on hand at the end of the month. SAM uses a perpetual inventory system. Required: 1. Complete the below table to calculate ending inventory and cost of goods sold for January using FIFO. 2. Complete the below table to calculate ending inventory and cost of goods sold for January using average cost. Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Complete the below table to calculate ending inventory and cost of goods sold for January using FIFO. Cost of Goods Available for Sale Cost of Goods Sold - January 10 Cost of Goods Sold - January 25 Inventory Balance Perpetual FIFO # of units Cost per unit Cost of Goods Available for Sale # of units sold Cost per unit Cost of Goods Cost of # of units sold Cost per unit Sold Goods Sold # of units in ending inventory Cost per unit Ending Inventory 320 $ 22.00 $ 7,040 $ 22.00 $ 0 $ 22.00 $ 0 $ 22.00 $ 0 Beg. Inventory Purchases: January 8 160 25.00 4,000 January 19 320 27.00 8,640 25.00 27.00 0 25.00 0 25.00 0 0 27.00 0 27.00 0 Total 800 $ 19,680 0 $ 0 0 $ 0 0 $ 0 < Required 1 Required 2 >