Samuelson and Messenger (SAM) began 2021 with 200 units of its one product. These units were purchased near the end of 2020 for $25 each. During the month of January, 100 units were purchased on January 8 for $28 each and another 200 units were purchased on January 19 for $30 each. Sales of 125 units and 100 units were made on January 10 and January 25, respectively. There were 275 units on hand at the end of the month. SAM uses a perpetual inventory system Required: 1. Complete the below table to calculate ending inventory and cost of goods sold for January using FIFO. 2. Complete the below table to calculate ending inventory and cost of goods sold for January using average cost. View History Bookmarks People Tab Window Help 52% D 1 erview-ACC 33 CengageNOW 2 Assignment x Samuelson and Messenger (S. X Question 17 - Chapter 8 Assix + meducation.com/ex/mapdex.html?_con-con&external_browser=D&launchurl=https%253A%252F%252Fnewconnect.mhed. A Technical Factshe ssignment 6 Saved Help Save & Exit Check Required 1 Required 2 Complete the below table to calculate ending Inventory and cost of goods sold for January using average cost. (Round cost per unit to 2 decimal places. Enter inventory reductions from sales, as negative numbers.) Inventory on hand Cont of Goods Sold Perpetual Average of units Cost Inventory of units Avg Cost per Cost of Goods per unit Value sold unt Sold Beginning inventory 5 0 Purchase - January 0 Subtotal vrage Cost 0 Sale January 10 0 Subtotal Average Cost 0 Purchase - January 19 0 Subtotal Average Cost 0 Sale - January 25 0 TO 0 0 0 $ 0 O 0 3 30 2 $ 4 % 5 3 & 7 6 8 9 W E 70 T Y U o S DF G H Complete the below table to calculate ending inventory and cost of goods sold for January using FIFO. Cost of Goods Available for Sale Cost of Goods Sold - January 10 Perpetual FIFO # of Cost per Cost of Goods # of units sold Cost per Cost of Goods units unit Available for Sale Sold Cost of Goods Sold unit Cost per # of units sold Unit 200 $ 25.00 $ 5,000 $ 25.00 $ 0 $ 25.00 Beg. Inventory Purchases: January 8 January 19 Total 100 200 28.00 30.00 0 2.800 6,000 13,800 28.00 30.00 28.00 30.00 500 0 0 S 0 $ 0 Required Required 2 > Cost of Goods Sold - January 25 Inventory Balance Goods id # of units sold Cost per unit Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory 0 $ 25.00 $ 0 4 $ 25.00 $ 0 O 0 28.00 30.00 0 OOO 28.00 30.00 0 0 0 $ 0 $ D Required Required 2 >