Samuelson and Messenger (SAM) began 2021 with 340 units of its one product. These units were purchased near the end of 2020 for $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 240 units were made on January 10 and January 25, respectively. There were 425 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. Calculate ending inventory and cost of goods sold for January using FIFO. Cost of Goods Available for Sale FIFO Cost per unit of units Cost per Cost of Goods Sold - Periodic FIFO Cost of of units sold unit Goods Sold 0.003 O Cost of Goods Available for Sale Ending Inventory - Periodic TO # of units in ending Cost per Ending unit Inventory Inventory $ 000 5 0 0 Beginning inventory Purchases January January 10 0 0.00 0 0 0 0.00 0.00 0.00 0 0 0 5 5 Calculate ending inventory and cost of goods sold for January using average cost. (Round cost per unit to 2 decimal places.) Cost of Goods Available for Sale Average Cout Cast of Goods Sold - Average Cost of units Average Cost per Cost of sold Goods Sold Unit Ending Inventory - Average Cost of units Average Ending in ending Cost per Inventory inventory Unit # of units Cost Cost of Goods Available for Sale $ Beginning inventory Purchases January January 10 Tota 0 0