Samuelson and Messenger (SAM) began 2021 with 320 units of its one product. These units were purchased near the end of 2020 for $24 each. During the month of January, 160 units were purchased on January 8 for $27 each and another 320 units were purchased on January 19 for $29 each. Sales of 215 units and 180 units were made on January 10 and January 25, respectively. There were 405 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. Required 1 Required 2 Complete the below table to calculate ending inventory and cost of goods sold for January using FIFO. Cost of Goods Available for Sale Cost of Goods Sold - January 10 Cost of Goods Sold - January 2 Required 1 Required 2 Complete the below table to calculate ending inventory and cost of goods sold for January using FIFO. Cost of Goods Available for Sale Cost of Goods Sold - January 10 Cost of Goods Sold - January 25 Perpetual FIFO # of units Cost per unit Cost of Goods Available for Sale # of units Cost per Cost of Goods Co Cost per # of units sold Go sold unit unit Sold S 320 $ 24.00 $ 7,680 $ 24.00 $ 24.00 Beg. Inventory Purchases: January 8 160 27.00 4,320 January 19 320 29.00 9,280 Total 800 $ 21,280 27.00 29.00 27.00 29.00 < Required 1 Required 2 > nventory and cost of goods sold for January using FIFO. vailable for Sale Cost of Goods Sold - January 10 Cost of Goods Sold - January 25 Inventory Balance Cost of Cost of Goods Available for Sale # of units sold Cost per unit Goods # of units sold Cost per Cost of Goods # of units in Cost per unit Sold Sold ending inventory unit Ending Inventory 00 $ 7,680 $ 24.00 $ 24.00 $ 24.00 4,320 9,280 27.00 29.00 $ 21,280 < Required 1 Required 2 > 27.00 29.00 27.00 29.00 Complete the below table to calculate ending inventory and cost of goods sold for January using average cost (Round cost per unit to 2 decimal places. Enter inventory reductions from sales as negative numbers.) Inventory on hand Perpetual Average # of units Cost per unit Beginning Inventory Purchase - January 8 Subtotal Average Cost Sale January 10 Subtotal Average Cost Purchase January 19 Subtotal Average Cost Sale January 25 Total Cost of Goods Sold Inventory Value # of units sold Avg. Cost per unit Cost of Goods Sold