Chap 8 & 9 HW Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 3 Samuelson and Messenger (SAM) began 2021 with 210 units of its one product. These units were purchased near the end of 2020 for $20 each. During the month of January, 105 units were purchased on January 8 for $23 each and another 210 units were purchased on January 19 for $25 each. Sales of 140 units and 110 units were made on January 10 and January 25, respectively. There were 275 units on hand at the end of the month. SAM uses a perpetual inventory system. 16.66 points 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. Answer is not complete. Complete this question by entering your answers in the tabs below. 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 Cost per # of units # of units Cost of Goods Available for Sale Cost per Cost of Goods Sold # of units sold Cost per unit # of units sold unit Cost of Goods Sold in ending inventory unit Cost per unit Ending Inventory 210 $ 20.00 $ 4.200 140 $ 20.00 $ 2.800 70 $ 20.00 $ 1,400 $ 20.00 $ 0 Beg. Inventory Purchases: January 8 January 19 Total 105 23.00 2.415 0 0 0 23.00 25.00 23.00 25.00 25.00 23.00 25.00 210 525 0 0 % 0 70 5.250 11,865 0 140 0 $ 2,800 100 X 0X 100 2,300 0 2.300 $ $ 1,400 $ Check my world 3 Samuelson and Messenger (SAM) began 2021 with 210 units of its one product. These units were purchased near the end of 2020 for $20 each. During the month of January, 105 units were purchased on January 8 for $23 each and another 210 units were purchased on January 19 for $25 each. Sales of 140 units and 110 units were made on January 10 and January 25, respectively. There were 275 units on hand at the end of the month. SAM uses a perpetual inventory system. 16.66 points 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. eBook Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 References Complete the below table to calculate ending inventory and cost of goods sold for January using average cost (Round cost per unit to 2 decimal places. Enter inventory reductions from sales as negative numbers.) Cost of Goods Sold Perpetual Average Inventory on hand Cost per Inventory # of units unit Value # of units sold Avg. Cost per unit Cost of Goods Sold $ 0 0 0 0 0 Beginning Inventory Purchase - January 8 Subtotal Average Cost Sale - January 10 Subtotal Average Cost Purchase - January 19 Subtotal Average Cost Sale - January 25 Total 0 0 0 0 0 0 0 $ 0 0 $ 0