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 210 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. 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 Cost per unit # of units Cost of Goods Sold - Periodic FIFO Cost of # of units Cost per Goods sold unit Sold 0.00 $ 0 Cost of Goods Available for Sale Cost per Ending Inventory - Periodic FIFO # of units Ending in ending unit Inventory inventory $ 0.00 $ 0 $ 0 Beginning Inventory Purchases: January 8 January 19 Total 0 0.00 0 0.00 0 0 0.00 0 0.00 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 unit Inventory $ 0 Beginning Inventory Purchases January 8 January 19 Total 0 0 0 $ 0 $ 0 0