Salt and Mineral (SAM) began 2024 with 380 units of its one product. These units were purchased near the end of 2023 for $24 each. During the month of January, 190 units were purchased on January 8 for $27 each and another 380 units were purchased on January 19 for $29 each. Sales of 185 units and 290 units were made on January 10 and January 25, respectively. There were 475 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. Required 1 Required 2 Calculate ending inventory and cost of goods sold for January using FIFO. Cost of Goods Available for Sale Cost of Goods Sold Periodic FIFO Ending Inventory Periodic FIFO Number of EIFO Number of units Cost per unit Cost of Goods Available for Sale Number of units sold Cost per unit Cost of units in Goods Sold ending Cost per unit Ending Inventory inventory Beginning Inventory 380 $ 24.00 $ 9,120 24.00 $ 0 $ 24.00 $ 9,120 Purchases January 8 190 27.00 5,130 27.00 0 27.00 0 January 19 380 29.00 11,020 29.00 0 29.00 Total 950 25,270 0 $ 0 380 $ 9,120 < Required 1 Required 2>