Salt and Mineral (SAM) began 2024 with 200 units of its one product. These units were purchased near the end of 2023 for $22 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 130 units and 130 units were made on January 10 and January 25, respectively. There were 240 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.