A car dealer acquires a used car for $$19,000,$ with terms FOB shipping point. Compute total inventory costs assigned to the usedRequired information

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A company reports the following beginning inventory and two purchases for the month of January. On January $26,$ the company sells $280$ units. Ending inventory at January $31$ totals $130$ units.

$\backslash$table$[[,$Units,Unit Cost$],[$Beginning inventory on January $1,250,$$$2\mathrm{.}30],[$Purchase on January $9,60,2\mathrm{.}50],[$Purchase on January $25,100,2\mathrm{.}64]]$

Required:

Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method.

$\backslash$table$[[$Perpetual FIFO:$],[$Date$,$Goods purchased,Cost of Goods Sold,Inventory Balance$],[$# of units,$\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$# of$],[$units$],[$sold$]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Cost of Goods$],[$Sold$]],$# of units,$\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Inventory$],[$Balance$]]],[$January $1,,,],[$January $9,,,,,,,,],[,,,,,,,],[$Total January $9],[,,,,,,,,],[$January $25],[$Total January $25],[,,,,,,,,],[$January $26],[$Total Januarv $26,,,,,,,,],[$Iotal January $26,,,,,,,,]]$

car if additional costs include

$$120$ for transportation$-$in$.$

$$170$ for shipping insurance.

$$730$ for car import duties.

$$110$ for advertising.

$$2,000$ for sales staff salaries.

$$150$ for trimming shrubs.