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A company reports the following beginning inventory and two purchases for the month of January. On January 2 6 , the company sells 4 1

A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 410 units. Ending inventory at January 31 totals 150 units.
Units Unit Cost
Beginning inventory on January 1370 $ 3.60
Purchase on January 9803.80
Purchase on January 251103.90
Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method.Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on
the LIFO method.
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