A company reports the following beginning inventory and two purchases for the month of January, On January 26, the company sells 370 units Ending inventory at January 31 totals 150 units. Beginning inventory on Danuary 1 Purchase on January 9 Purchase on January 25 Units 338 88 110 Unit Cost $ 3.20 3.40 3.50 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method Perpetual FIFO Goods purchased Inventory Balance Cost per Cost of Goods Sold of units Cost per Cost of Goods unit Sold sold Date #of units Cost per unit of units unit Inventory Balance January 1 January $ 0.00 January 25 January 26 Totals