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 EIFO # of units Cost per unit Cost of Goods Available for Salo # of units sold Cost of Cost per unit Goods Sold Beginning Inventory 300 $ 25.00 $ 7,500 25.00 Purchases January 8 150 28.00 4,200 January 19 300 30.00 9,000 28.00 30.00 Total- 750 $ 20.700 C Reguired f Required 2 > Ending Inventory Periodic FIFO Cost per Ending # of units in ending Inventory unit Inventory $ 25.00 28.00 30.00