Samuelson and Messenger (SAM) began 2021 with 210 units of its one product. These units were purchased near the end of 2020 for $20 each. During the month of January, 105 units were purchased on January 8 for $23 each and another 210 units were purchased on January 19 for $25 each. Sales of 140 units and 110 units were made on January 10 and January 25, respectively. There were 275 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 Cost of # of units Cost per Goods Sold 0.00 $ 0 Ending Inventory - Periodic FIFO # of units Cost per in ending Ending unit inventory Inventory $ 0.00 $ 0 sold unit $ 0 Beginning Inventory Purchases: January 8 January 19 Total 0 0 0 0.00 0.00 0.00 0.00 0 0 0 0 $ 0 0 $ 0 0 $ 0 Required 1 Required 2 Calculate ending inventory and cost of goods sold for January using average cost. (Round cost per unit to 2 decimal places.) Cost of Goods Available for Sale Average Cost Unit Cost Cost of Goods Sold - Average Cost Average # of units Cost of Cost per sold Goods Sold Unit Cost of Goods Available for Sale # of units Ending Inventory - Average Cost # of units Average Ending in ending Cost per Inventory inventory unit Beginning Inventory 0 Purchases: 0 January 8 January 19 Total 0 0 0 $ 0 $ 0