2:58 [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 totals 150 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 based on the LIFO method. January 1 January 9 Total January 9 January 25 Total January 25 January 26 Total January 26 Goods purchased Cost per unit # of units # of units sold Units 320 80 100 Perpetual LIFO: Cost of Goods Sold at Cost per Cost of Goods unit Sold S Unit Cost $ 3.00 3.20 3.34 3.00 = Inventory Balance Cost per unit # of units Inventory Balance

[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 totals 150 units. issume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based or he LIFO method