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4 A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 380 units.
4 A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 380 units. Ending Inventory at January 31 totals 150 units Units Beginning inventory on January 1 340 Unit Cost $3.30 Purchase on January 9 80 110 3.50 3:60 Purchase on January 25 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO.
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