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00 A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 350 units. Ending

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00 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 totals 150 units. points Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 320 80 100 Unit Cost $3.00 3.20 3.34 Skipped Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO. eBook Hint Perpetual LIFO: Goods purchased # of units Date Cost per unit Cost of Goods Sold Cost per cost of Goods unit Sold # of units sold Inventory Balance # of units Cost per Inventory unit Balance Print January 1 January 9 January 25 January 26 Totals

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