A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 320 units. Ending inventory at January 31, totals 140 units.

Beginning inventory on January 1 290 units Unit cost $2.70

Purchases on January 9 70 units Unit cost $2.90

Purchases on January 25 100 units Unit cost $3.04

Assume the perpetual inventory system is used. Determine the cost assigned to ending inventory when cost are assigned based on FIFO method.