On January 1, 2024, a company adopted the dollar-value LIFO method. The inventory value for its one inventory pool on this date was $490,000. Inventory data for 2024 through 2026 are as follows: Required: Calculate the company's ending inventory for 2024, 2025, and 2026. Salt and Mineral (SAM) began 2024 with 300 units of its one product. These units were purchased near the end of 2023 for $25 each. During the month of January, 150 units were purchased on January 8 for $28 each and another 300 units were purchased on January 19 for $30 each. Sales of 155 units and 220 units were made on January 10 and January 25 , respectively. There were 375 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 FIFO. 2. Calculate ending inventory and cost of goods sold for January using average cost. Complete this question by entering your answers in the tabs below. Calculate ending inventory and cost of goods sold for January using average cost. Note: Round cost per unit to 2 decimal places. Salt and Mineral (SAM) began 2024 with 300 units of its one product. These units were purchased near the end of 2023 for $25 each. During the month of January, 150 units were purchased on January 8 for $28 each and another 300 units were purchased on January 19 for $30 each. Sales of 155 units and 220 units were made on January 10 and January 25 , respectively. There were 375 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 FIFO. 2. Calculate ending inventory and cost of goods sold for January using average cost. Complete this question by entering your answers in the tabs below. Calculate ending inventory and cost of goods sold for January using FIFO