Samuelson and Messenger (S&M) began 2018 with 350 units of its one product. These units were purchased near the end of 2017 for $24 each. During the month of January, 250 units were purchased on January 8 for $27 each and another 300 units were purchased on January 19 for $29 each. Sales of 160 units and 250 units were made on January 10 and January 25, respectively. There were 490 units on hand at the end of the month. S&M uses a periodic inventory system. Required 1. Calculate ending inventory and cost of goods sold for January using FIFC 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 Rcquired 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 FIFO Cost of G00ds Available for | # of units in ending FIFO | # of units | # of units Cost per Cost per unit Cost of Goods Sold Cost per unit Ending Inventory unit Sale inventor Begining Inventory Purchases