Salt and Mineral $($SAM$)$ began $2024$ with $270$ units of its one product. These units were purchased near the end of $2023$ for $$24$ each During the month of January. $135$ units were purchased on January $8$ for $$27$ each and another $270$ units were purchased on January $19$ for $$29$ each $5$ ales of $130$ units and $170$ 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:

Calculate ending inventory and cost of goods sold for January using FIFO

Complete this question by entering vour answers in the tabs below.

Calculate ending inventory and cost of goods sold for lanuary using FIFO.

$\backslash$table$[[\backslash$table$[[$BFe$],[$Begining invertiony$]],$Cost of Goods Avallable for Sale,Cost of Goods Sold $-$ Periodic FIFO,Ending Inventory $-$ Periodic FiFO$],[\backslash$table$[[\backslash$table$[[$Number of$],[$units$]]],[270]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Cost of Goods$],[$Avallable for Sale$]],\backslash$table$[[\backslash$table$[[$Number of$],[$units sold$]]],[270]],\backslash$table$[[\backslash$table$[[$Cost per$],[$unit$]]],[2400]],\backslash$table$[[$Cost of$],[$Goods$],[$Sold$]],\backslash$table$[[$Number of$],[$units in$],[$ending$],[$inventory$]],\backslash$table$[[$Cost per$],[$unit$]],\frac{4}{3}$