4 1 of 3 S Book Hint Print erences [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 330 units. Ending inventory at January 31 totals 140 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 QS 5-5 (Algo) Perpetual: Inventory costing with FIFO LO P1 Date January 1 mbungeal Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. Goods purchased Cost per unit # of units Units 300 70 100 # of units sold Unit Cost $ 2.80 3.00 3.14 Perpetual FIFO: Cost of Goods Sold Cost per Cost of Goods unit Sold Inventory Balance Cost per unit # of units Inventory Balance

II he following intormation 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 330 units. Ending inventory at January 31 totals 140 units. QS 5-5 (Algo) Perpetual: Inventory costing with FIFO LO P1 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on he FIFO method