Samuelson and Messenger (S&M) began 2018 with 200 units ofits one product. These units were…

Samuelson and Messenger (S&M) began 2018 with 200 units ofits one product. These units were purchased near the end of 2017for $25 each. During the month of January, 100 units were purchasedon January 8 for $28 each and another 200 units were purchased onJanuary 19 for $30 each. Sales of 125 units and 100 units were madeon January 10 and January 25, respectively. There were 275 units onhand at the end of the month. S&M uses a perpetualinventory system. Required:
1. Complete the below table to calculate endinginventory and cost of goods sold for January using FIFOmethod.
2. Complete the below table to calculate endinginventory and cost of goods sold for January using average costmethod. . . .

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