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alt and Mineral (SAM) began 2024 with 320 units of its one product. These units were purchased near the end of 2023 for $24 each. uring the month of January, 160 units were purchased on January 8 for $27 each and another 320 units were purchased on January 9 for $29 each. Sales of 215 units and 210 units were made on January 10 and January 25 , respectively. There were 375 units on and 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. Salt and Mineral (SAM) began 2024 with 320 units of its one product. These units were purchased near the end of 2023 for $24 each. During the month of January, 160 units were purchased on January 8 for $27 each and another 320 units were purchased on January 19 for $29 each. Sales of 215 units and 210 units were made on January 10 and January 25 , respectively. There were 375 units on hand at the end of the month. SAM uses a periodic inventory system. Required: 1. Calculate ending inventocy and cost of goods sold for January using FiFO. 2. Calculote 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 average cost. Note: Round cost per unit to 2 decimal places

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