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please be clear Samuelson and Messenger (SAM) began 2021 with 250 units of its one product. These units were purchased near the end of 2020

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Samuelson and Messenger (SAM) began 2021 with 250 units of its one product. These units were purchased near the end of 2020 for $25 each. During the month of January, 125 units were purchased on January 8 for $28 each and another 225 units were purchased on January 19 for $30 each. Sales of 180 units and 150 units were made on January 10 and January 25, respectively. There were 270 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 Cast of Goods Sold - January 26 Inventory 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 Cost of Cost per Cost of Goods # of units Cost per of units unit Goods sold Available for Sale unit Sold Cost per #of units sold Cost of Goode sold um of units in Co ending Inventory o 3 250 $ 5.250 25.00 $ 180 $ 10015 25.00 $4,500 25.00 $ 2,600 0 0 1,400 Beg Inventory Purchases: January January 19 Total 28.00 30.00 28.00 30.00 28.00 30.00 125 225 000 0 3.500 6,750 16,500 50 0 150 0 180 20 250 270 0 3.900 5 $ $ 4.500 Required 2 > nger (SAM) began 2021 with 250 units of its one product. These units were purchased near the end of 2020 for nonth of January, 125 units were purchased on January 8 for $28 each and another 225 units were purchased each Sales of 180 units and 150 units were made on January 10 and January 25, respectively. There were 270 id of the month. SAM uses a perpetual inventory system table to calculate ending inventory and cost of goods sold for January using FIFO. table to calculate ending Inventory and cost of goods sold for January using average cost. stion by entering your answers in the tabs below. id 2 ible to calculate ending inventory and cost of goods sold for January using FIFO. Cast of Goods Available for Sale Cost of Goods Sold - January 10 Cost of Goods Sold January 25 Inventory Balance of units Cost per unit Cost of Goods Available for Sale of units sold Cost per unit Cost of Goods Sold #of units sold Cost per unit Cost of Goods Sold # of units in Coat per Ending anding Inventory Inventory o 9 2500 5 100 $ 250 $ 25.00 $ 2.500 180 s 25.00 $ 25.00 $ 4,500 6,250 0 20 0 28.00 3.500 6.750 28.00 30.00 28.00 30.00 125 225 600 0 50 0 150 28.00 30.00 1,400 0 3,900 1918 30.00 250 270 7,500 8.00 $ $ $ $ 4,500 16,500 Required 2 > Samuelson and Messenger (SAM) began 2021 with 250 units of its one product. These units were purchased near the end of 2020 for $25 each. During the month of January, 125 units were purchased on January 8 for $28 each and another 225 units were purchased on January 19 for $30 each. Sales of 180 units and 150 units were made on January 10 and January 25, respectively. There were 270 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 # of units Cost per unit Inventory Value # of units sold Avg. Cost per unit Cost of Goods Sold 250 $ 25.00 $ 125 30.00 375 Beginning Inventory Purchase. January 8 Subtotal Average Cost Sale - January 10 Subtotal Average Cost Purchase - January 19 Subtotal Average Cost Sale - January 25 Total 6.250 3.750 10.000 0 10,000 375 250 625 0 10,000 0 625 $ 10.000 0

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