Samuelson and Messenger (SAM) began 2021 with 300 units of its one product. These units were purchased near the end of 2020 for $25 each. During the month of January, 150 units were purchased on January 8 for $28 each and another 300 units were purchased on January 19 for $30 each. Sales of 155 units and 220 units were made on January 10 and January 25, respectively. There were 375 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 Fl 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 FIF FIFO Cost of # of units # of units Cost per unit Cost of Goods Available for Sale # of units sold Cost per Goods Cost per Endi in ending unit unit Inven Sold inventory Beginning Inventory 300 $ 25.00 $ 7,500 25.00 $ 25.00 Purchases: January 8 150 28.00 4,200 January 19 300 30.00 9,000 28.00 30.00 28.00 30.00 Total 750 $ 20,700 < Required 1 Required 2 > red 1 Required 2 ate 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 FIFO Cost of # of units Cost per unit Cost of Goods Available for Sale # of units Cost per Goods sold unit Sold # of units in ending inventory Cost per unit Ending Inventory ng Inventory 300 $ 25.00 $ 7,500 25.00 $ 25.00 es: ary 8 150 28.00 4,200 ry 19 300 30.00 9,000 28.00 30.00 28.00 30.00 750 $ 20,700 < Required 1 Required 2 > Required 1 Required 2 Average Cost # of units Unit Cost Cost of Goods Available for Sale 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 Cost of Goods Sold - Average Cost Ending Inventory - Average Cost Average Cost per Ending Inventory # of units sold Average Cost per Unit Cost of Goods Sold # of units in ending inventory unit Beginning Inventory 300 $25.00 $ 7,500 Purchases: January 8 January 19 150 $28.00 4,200 300 $ 30.00 9,000 Total 750 $ 20,700 < Required 1 Required 2 >