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Check my work 1 Samuelson and Messenger (SAM) began 2021 with 200 units of its one product. These units were purchased near the end of
Check my work 1 Samuelson and Messenger (SAM) began 2021 with 200 units of its one product. These units were purchased near the end of 2020 for $25 each. During the month of January, 100 units were purchased on January 8 for $28 each and another 200 units were purchased on January 19 for $30 each. Sales of 125 units and 100 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. 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. Book Print Complete this question by entering your answers in the tabs below. nferences 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 Perpetual FIFO # of units Cost per Cost of Goods Available for Sale unit Cost per #of units sold unit Cost of Goods Sold 200 $ 25.00 $ 5.000 $ 25.00 Beg. Inventory Purchases: January 8 January 19 Total 100 28.00 30.00 200 2.800 6,000 13,800 28.00 30.00 500 $
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