PLEASE EXPLAIN HOW DO YOU GET THE # OF UNITS SOLD AND THE NUMBER OF UNITS IN ENDING INVENTORY - PLEASE SHOW WORK!!!! THANK YOU

Samuelson and Messenger (SAM) began 2021 with 250 units of its one product. These units were purchased near the end of 2020 for $25 each. During the month of January, 125 units were purchased on January 8 for $28 each and another 225 units were purchased on January 19 for $30 each. Sales of 180 units and 150 units were made on January 10 and January 25, respectively. There were 270 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.

Samuelson and Messenger (SAM) began 2021 with 250 units of its one product. These units were purchased near the end of 2020 for $25 each. During the month of January, 125 units were purchased on January 8 for $28 each and another 225 units were purchased on January 19 for $30 each. Sales of 180 units and 150 units were made on January 10 and January 25, respectively. There were 270 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 FIFO Cost per unit # of units Ending Inventory - Periodic FIFO # of units Cost per in ending Ending unit inventory Inventory Cost of Goods Available for Sale # of units sold Cost per unit Cost of Goods Sold 250 $ 25.00 $ 6,250 25.00 $ 25.00 Beginning Inventory Purchases: January 8 125 28.00 3,500 28.00 28.00 January 19 225 30.00 6,750 30.00 30.00 Total 600 $ 16,500