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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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Kequired Requirea 2 Complete the below table to calculate ending inventory and cost of goods sold for January using average cost. (Round to 2 decimal places. Enter inventory reductions from sales as negative numbers.) Inventory on hand Cost of Goods Sold Perpetual Average Cost Inventory Value # of units # of units sold Cost of Goods Sold Avg. Cost per unit per unit $ 0 0 0 0 0 0 0 Beginning Inventory Purchase - January 8 Subtotal Average Cost Sale - January 10 Subtotal Average Cost Purchase - January 19 Subtotal Average Cost Sale - January 25 Total 0 0 0 0 S 0 0 $ 0 Required 1 Check my work Complete this question by entering your answers in the tabs below. Required 1 Required 2 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 Cost of Goods Sold January 25 Perpetual FIEO Cost per #ol units Cost per Cost per # of units sold Cost of Goods Available for Sale Cost of Goods Sold # of units sold Cost of Goods Sold unit unit 200 $ 25.00 $ 5,000 $ 25.00 $ 0 $25.00 5 Beg Inventory Purchases January 8 January 19 Total 100 200 28.00 30.00 2,80 6,000 13.800 28.00 30.00 28.00 30.00 0 500 $ S 0 $ Required 23

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