17 Part 2 of 3 02:44:34 Required information [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 260 units. Ending inventory at January 31 totals 120 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Date Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned the LIFO method. January 1 Goods purchased # of units Units 230 50 100 Unit Cost $ 2.10 2.30 2.44 Cost per # of units unit sold Perpetual LIFO: Cost of Goods Sold Cost per unit Cost of Goods Sold # of units Inventory Balance Cost per unit Inventory Balance

Required information 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 260 units. Ending inventory at January 31 totals 120 units. issume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assignec he LIFO method: [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 260 units. Ending inventory at January 31 totals 120 units. ssume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based De LIFO method