A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 450 units. Ending inventory at January 31 totals 170 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 410 90 120 Unit Cost $ 4.00 4.20 4.30 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. Answer is not complete. Perpetual FIFO: Goods purchased Cost # of Date per units unit January Cost of Goods Sold Cost # of units per Cost of sold Goods Sold unit Inventory Balance Cost Inventory # of units per Balance unit S 410 @ $ 4.00 1,640.00 = 1 January 9 90 @ $ 4.20 90 x @ $ 4.00 $ 360.00 90 $ 4.20 378.00 $ 738.00 January 25 120 @ $ 4.30 120 X @ $ 4.00 $ 480.00 120 X @ 504.00 $ 4.20 $ 4.30 @ $ 984.00 January 26 @ $ 4.00 = $ 0.00 410 X @ $ 4.00 1,640.00 50 x @ = 40 X @ 168.00 $ 4.20 $ 4.30 210.00 516.00 $ 4.20 $ 4.30 120 x @ @ Totals $ 726.00 $ 1,808.00