Samuelson and Messenger (S&M) began 2018 with 200 units of its one product. These units were purchased near the end of 2017 for $20 each. During the month of January, 100 units were purchased on January 8 for $23 each and another 200 units were purchased on January 19 for $25 each. Sales of 130 units and 110 units were made on January 10 and January 25, respectively. There were 260 units on hand at the end of the month. S&M uses a periodic inventory systenm 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 1Required 2 Calculate ending inventory and cost of goods sold for January using FIFO Cost of Goods Available for Sale Cost of Goods Sold - Periodic FIFOEnding Inventory Periodic FIFO Cost of Goods | # of units | # of units | in ending Cost per Available for sold Cost per # of units 1 Cost per Ending unit nit Goods Sold inventory Inventory Sale 0.00 S% 0.00 S Beginning Inventory Purchases: January 8 January 19 0.00 0.00 0.00 0.00 Total Required 1 Required2 > Required Required 2 Calculate ending inventory and cost of goods sold for January using average cost. (Round av erage cost. per unit to 2 decimal places. Cost of Goods Available for Sale Cost of Goods Sold-Average Cost Ending Inventory -Average Cost Inventory Cost of Goods | # of units | # of units | Average | Ending inventory Average Cost Goods | # of units | #Of units | Unit Cost AverageCost ofin ending Cost per Cost per Goods Sold Unit unit Beginning Inventory Purchases: January 8 January 19 Total Required 1