0 Required Information Use the following information for the Quick Study below. (Algo) (5-7) [The following information applies to the questions displayed below] A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 350 units. Ending inventory at January 31 totais 150 units. Units Beginning inventory on January 1 320 Unit Cost $3.60 Purchase on January 5 Purchase on January 25 100 3.80 3.94 QS 5-6 (Algo) Perpetual: Inventory costing with LIFO LO P1 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. Perpetual LIEQ Rate of units Goods purchased Cost per Cost of Goods Sold unit of units sold Cost per Cost of Goods unit Sold of units Inventory Balance Cost per Inventory unit Balance January 1 Total January January 25 Total January 25 January 201 Total January 20