2 The Company uses perpetual FIFO inventory system. 22pts The Company reported the following data for January 2020: Number Unit Unit of Purchase Sales Date Units Cost Price 1.Jan beginning inventor 100 $4,00 5.Jan purchased 40 $4,50 10.Jan sold (120) $9,00 15.Jan purchased 50 $5,00 20.Jan sold (30) $10,00 31.Jan purchased 50 $5,00 Calculate gross profit for January: Calculate ending inventory at January 31: show your calculation in the box below: show your calculation in the box below