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3 Check my work 00 A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company
3 Check my work 00 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. 9.09 points Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 360 80 110 Unit Cost $ 3.50 3.70 3.80 eBook References Required: Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold # of Cost per Cost of Goods # of units Cost of Cost per Available for units unit sold unit Sale $ 01 Inventory Balance # of units Cost per Ending unit Inventory inventory Goods Sold in ending Beg. Inventory Purchases: January 9 January 25 Total 0 0 01 0 $ 0 $ 0 0 0 $ 0
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