3 5 of 3 " 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 400 units. Ending inventory at January 31 totals 150 units Beginning inventory on January 1 Purchase on January Unita 360 110 Unit Cost $3.50 3.70 Purchase on January 25 Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. (Round your per unit costs to 2 decimal places.) Cost of Goods Available for Cost of Good Sold Inventory Balance # of units Cost per unit Cost of Goods Available for Sale of uni of unite sold Cost per unit Cost of Goods Sold sanding Cost per unit Ending inventory Inventory 360 S 3.50 $ 1,200 Beginning Inventory Purchases January 9 BO 3.70 296 January 25 110 3.80 418 Total 550 S 1,974 0 $ b < Prev 3 4 5 of 20 Next > Submit