Samuelson and Messenger (SAM) began 2021 with 200 units of its one product. These units were purchased near the end of 2020 for $20 each. During the month of January, 100 units were purchased on January 8 for $23 each and another 200 units were purchased on January 19 for $25 each. Sales of 130 units and 110 units were made on January 10 and January 25, respectively. There were 260 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 FIFO # of units Cost per unit Cost of Goods Available for Sale Cost of Goods Sold - Periodic FIFO # of units Cost per Cost of sold unit Goods Sold 20.00 $ 0 Ending Inventory - Periodic FIFO # of units Cost per Ending in ending unit Inventory inventory $ 20.00 $ 0 200 $ 20.00 $ 4,000 Beginning Inventory Purchases: January 8 January 19 Total 0 0 0 0 100 200 23.00 25.00 2,300 5,000 11,300 23.00 25.00 23.00 25.00 0 0 0 500 $ 0 $ 0 0 0 $ 0