Question: Check my work Samuelson and Messenger (S&M) began 2018 with 380 units of its one product. These units were purchased near the end of 2017

 Check my work Samuelson and Messenger (S&M) began 2018 with 380

Check my work Samuelson and Messenger (S&M) began 2018 with 380 units of its one product. These units were purchased near the end of 2017 for $24 each. During the month of January, 190 units were purchased on January 8 for $27 each and another 380 units were purchased on January 19 for $29 each. Sales of 185 units and 290 units were made on January 10 and January 25, respectively. There were 475 units on hand at the end of the month. S&M uses a periodic inventory system. 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 soid for January using FIFO Cost of Goods Available for Sale Cost of Goods Sold - Periodic FIFO | Ending inventory- Periodic Cost of Goods of units Cost per #Of units Cost per Ending #Of units Cost per Cost of Goods Sold inventory unit Goods Sold in ending C Prev3of6 Next 3 command opfion

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