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5,7,8 0 Help Save Subm A company reports the following beginning Inventory and two purchases for the month of January. On January 26, the company
5,7,8 0 Help Save Subm A company reports the following beginning Inventory and two purchases for the month of January. On January 26, the company sells 390 units Ending Inventory at January 31 totals 150 units. Unite 350 Teginning inventory on January 1 Purchase on January Tarehase on January 25 Unit coat $3.40 3.60 3.70 110 Required: Assume the periodic Inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method Costo de Cost of Goods Sold for Sale Cost of Goods uur of Cost per of units Costoor Costof o ron Cost oor Ending Beglvertory 350 $ 3.405 1.190 MacBook Air
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