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Salt and Mineral (SAM) begon 2024 wht 250 unis of its one product. These units were purchased near the end of 2023 for $25 esch.

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Salt and Mineral (SAM) begon 2024 wht 250 unis of its one product. These units were purchased near the end of 2023 for $25 esch. Dueing the month of January, 125 units were purchased on January 8 for 528 eoch and another 225 units were purchased on January 19 for $30 each. 5a les of te0 units and 150 units were made on January 10 and January 25 , respectively. There were 270 units on thand at the-end of the month. SAM uses a pewpetuatinvereory system. Requised: 1. Complete the below table to colculate ending ityertory and cost of goods sold for fanuary tising FiFO 2. Complete the below table to calculate ending inventory and cost of goods sold for January using average cost. Complete thic questien by entering your anwwers in the tabe below. Complete the below table to calculate ending itiventory and cout of goods sold for 3anusy using firo. Salt and Mineral (SAM) began 2024 with 250 units of its one product. These units were purchased near the end of 2023 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. Complete the below table to calculate ending Inventory and cost of goods sold for January using average cost Note: Round cost per unit to 2 decimal places. Enter inventory reductions from sales as negative numbers

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