Brief Exercise 8-13 (Algo) Inventory cost flow methods; periodic system [LO8-4] Salt and Mineral (SAM) began 2024 with 340 units of its one product. These units were purchased near the end of 2023 for $22 each. During the month of January, 170 units were purchased on January 8 for $25 each and another 340 units were purchased on January 19 for $27 each. Sales of 185 units and 240 units were made on January 10 and January 25 , respectively. There were 425 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 FFOO 2. Calculate ending imventory and cost of goods sold for January using average cost. Complete this question by entering your answers in the tabs below. Calculate ending inweatory and cost of goods sold for January using fiFO