A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 350 units. Ending inventory at January 31 totals 150 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 320 80 100 Unit Cost $ 3.ee 3.20 3.34 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO. Answer is complete but not entirely correct. Perpetual LIFO: Goods purchased Cost Date # of per units unit January 1 January 80 @ $ 3.20 9 Cost of Goods Sold Cost # of units Cost of sold per unit Goods Sold Inventory Balance Cost # of units Inventory per unit Balance 320 @ $ 3.00 = $ 960 320 @ $ 3.00 $ 960 80 @ $ 3.20 256 $ 1,216 January 25 100@ $ 3.34 320 @ $ 3.00= S 960 80@ 100 @ 256 $ 3.20 = $ 3.34 = Ooo 334 $ 1,550 January 26 100@ $ 3.34 $ 334 220 @ S 660 80 @ 170 @ $ 3.20 $ 3.00 256 510 $ 1,100 0 @ 0 0 @ @ $ 3.00 $ 3.20 $ 3.34 = Totals $ 660