es Brief Exercise 8-6 (Static) Inventory cost flow methods; perpetual system [LO8-4) 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. 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 PIPO. Cost of Goods Available for Sale Cost of Goods Sold-January 10 Cost of Goods Sold-January 25 Perpetual FIFO Cost per Cost of Goods Available for Sale # of units sold Cost per unit unit Beg. Inventory 200 $ 25.00 $ $ 25.00 $ Purchases 100 28.00 28.00 200 30.00 30.00 500 January 8 January 19 Total # of units $ 5,000 2,800 6,000 13,800 0 Cost of Goods Sold S of 0 0 0 # of units sold 0 Cost per Cost of Goods unit Sold $25.00 $ 0 28.00 30.00 Totalal 0 0 0 #of units inver old for January using FIFO. tof Goods Sold-January 10 old Cost per unit $ 0 Cost of Goods Sold 25.00 $ 28.00 30.00 $ 0 0 0 0 Cost of Goods Sold-January 25 Cost per unit $ 25.00 $ 28.00 30.00 #of units sold 0 Cost of Goods Sold $ of 0 0 0 Inventory Balance Cost per unit $ 25.00 $ 28.00 30.00 of units in ending Inventory Ending Inventory 0 0 0 $ 0