Samuelson and Messenger (SAM) began 2021 with 400 units of its one product. These units were purchased near the end of 2020 for $25 each. During the month of January, 200 units were purchased on January 8 for $28 each and another 400 units were purchased on January 19 for $30 each. Sales of 150 units and 300 units were made on January 10 and January 25, respectively. There were 550 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. Calculate ending inventory and cost of goods sold for January using FIFO. Cost of Goods Available for Sale FIFO # of units Cost per Cost of Goods unit Available for Sale Beginning inventory 0 Purchases January 8 0 January 19 0 Total 0 S 0 Cost of Goods Sold - Periodic FIFO Cost per Cost of # of units Goods sold unit Sold 0.00 $ 0 Ending Inventory - Periodic FIFC # of units Cost per Ending in ending unit Invento inventory s 0.00 $ 0.00 0.00 OOO 0.00 0.00 0 $ 0 s Required 2 > Goods Sold in ending 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 Cost of Goods Sold - Average Cost Ending Inventory - Average Cost Average Cost Unit Average # of units Cost of Goods # of units Average # of units Cost of Cost per Cost per Ending Cost sold Available for Sale Unit Inventory inventory unit Beginning inventory $ 0 Purchases: January 8 0 January 19 0 Total S $ $ 0 0 0