A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 380 units Ending inventory at January 31 totals 150 units Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 349 80 110 Unit Cost $ 3.30 3.50 3.60 Required: Assume the perpetual inventory system is used Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method Perpetual FIFO: Goods purchased # of Date Cost per Cost of Goods Sold of units Cost per Cost of Goods sold unit Sold Inventory Balance Cost per # of units Inventory unit Balance January 1 January 9 January 25 January 26 Totals