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Seved Help Save & Exit Samuelson and Messenger (S&M) began 2018 with 340 units of its one product. These units were purchased near the end of 2017 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 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. 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Inventory Balance # of units in onding Inventory Cest per unit Ending Inventory Complete the below table to calculate ending inventory and cost of goods sold for January using FIFO method. Cost of Goods Available for Cost of Goods Sold - January 10 Cost of Goods Sold - January 25 Sale Perpetual FIFO Cost of # of #of Cost of Cost per Cost per Cost of Goods #of units Cost per Goods units Goods units unit Available for sold sold unit Sold unit Sale Sold $ Bog, Inventory of $ 0 0.00 $ $ 0.00 $ 0 Purchases: 0 0.00 0 0.00 0 January 8 0.00 0 0 0.00 D January 19 0 0 $ 0 0 $ 0 $ Total 0 $ 0.00 $ 0 0 0.00 0.00 5 D Required 23