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. 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. equired: issume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on he FIFO method