Return to question 3 s Samuelson and Messenger (S&M) began 2018 with 340 units ot its one product. These units were purchased near the end ot 2017 tor $22 each. During the month of January, 170 units were purchased on January 8 for $25 each and another 340 units were purchased on January 19 for $27 each. Sales of 185 units and 210 units were made on January 10 and January 25, respectively. There were 455 units on hand at the end of the month. S&M uses a perpetual inventory system 167 Required 1. Complete the below table to calculate ending inventory and cost of goods sold for January using FIFO method. 2. Complete the below table to calculate ending inventory and cost of goods sold for January using average cost method 8 Answer is not complete Complete this question by entering your answers in the tabs below Required Required 2 Complete the below table to calculate ending inventory and cost of goods sold for January using FIFO method. January 10 25 Inventory Balance costof I#of | cost. |Goods |sold Cost of | # of | Cost Cost of |#Of units | Cost Ending units sold Per unit Goods units unit units sold per unit 34002200 7.480 | 185 22.00 |$4.070 | 0 22.00 025.00 Sold for Sale Soldinventory Per unit Inventory s 22.00 170 |2500.- 4,250 | | 25 00 2700 0 25.00 0 2700 January 19 34027009180 27.00 91018534.070 Total 850