Help Save Brief Exercise 8-6 (Algo) Inventory cost flow methods; perpetual system (L08-4) Samuelson and Messenger (SAM) began 2021 with 240 units of its one product. These units were purchased near the end of 2020 for $25 each. During the month of January 120 units were purchased on January 8 for $28 each and another 240 units were purchased on January 19 for $30 each Sales of 150 units and 12 units were made on January 10 and January 25, respectively. There were 325 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 FIFO. Cost of Goods Available for Sale Cost of Goods Sold - January 10 Cost of Goods Sold January 26 Inventory Balance Perpetual # of units Cost per unit of units Cost of Goods Available for Sale Cost per unit Bold Cost of Goods Sold of units sold Cost per unit Cost of Goods Sold Cost per # of units in ending Inventory Ending Inventory 240 S 2500 $ 6 000 $ $ 2500 $ 25.00 Beg Inventory Purchases 2800 120 240 600 2800 30.00 3360 7200 16.500 28.00 30.00 January 19 28.00 3000 $ Required 2 > Saved Brief Exercise 8-6 (Algo) Inventory cost flow methods; perpetual system (L08-4] Samuelson and Messenger (SAM) began 2021 with 240 units of its one product. These units were purchased near the end of 2020 cm $25 each. During the month of January, 120 units were purchased on January 8 for $28 each and another 240 units were purchased on January 19 for $30 each. Sales of 150 units and 125 units were made on January 10 and January 25, respectively. There were 325 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 average cost (Round cost per unit to 2 decimal places. Enter inventory reductions from sales as negative numbers.) Inventory on hand Cost of Goods Sold Perpetual Average Cost per Inventory #of units Avg. Cost per Cost of of units unit Value sold unit Goods Sold Beginning Inventory Purchase - January 8 Subtotal Average Cost Sale - January 10 Subtotal Average Cost Purchase - January 19 Subtotal Average Cost Sale - January 25 Total