A company reports the following beginning inventory and two purchases for the month of January. On January 26, the co 340 units. Ending inventory at January 31 totals 140 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 310 70 100 Unit Cost $ 2.90 3.10 3.24 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned the FIFO method Perpetual FIFO: Goods purchased Cost of Goods Sold Inventory Balance Date #of units Cost per unit #of units sold Cost per Cost of Goods unit Cost per # of units Sold unit Inventory Balance January 1 January 9 0.00 Date units per unit sold per unit Goods Sold # of units per unit Balance 310 @ $ 2.90 $ 899.00 January 1 January 9 70 @ $ 3.10 310 $ 2.90 $ 899.00 ele 70 @ $ 3.10 217.00 $ 1,116.00 30 January 25 100 $ 3.24 310 $ 2.90 $ 899.00 70 $ 3.10 $ 3.24 100 217.00 324.00 $ 1,440.00 January 26 1703 $ 2.90 $ 493.00 170 $ 2.90 493.00 70 100 G BB $ 3.10 $ 3.24 217.00 324.00 S 1034.00 70 % 100 $ 3.10 $ 3.24 Totals 217.00 324.00 $ 1.034.00