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3 ok int ences Required information [The following information applies to the questions displayed below.) A company reports the following beginning inventory and two purchases
3 ok int ences 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 Units 230 50 100 Unit Cost $2.10 2.30 2.44 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.) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Inventory Balance # of Cost per Cost of Goods Available for units unit +of units sold # of units Sale Cost per unit Cost of Goods Sold in ending inventory Cost per unit Ending Inventory Beginning Inventory $ 0 Purchases: January 9 0 January 25 0 Total $ 0 0 S 0 $
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