A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 270 units. Ending inventory at January 31 totals 130 units.

	Units	Unit Cost
Beginning inventory on January 1	240	$	2.20
Purchase on January 9	60		2.40
Purchase on January 25	100		2.54

Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO. Please re-do the chart. And fill it

A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 270 units. Ending inventory at January 31 totals 130 units. Units Unit Cost Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 $2.20 2.40 2. 54 240 100 Required Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based orn LIFO Perpetual LIFO Goods purchased ost of Goods Sold Inventory Balance #of units Cost per unit #of units COst per Cost of sold Cost per Inventory Balance Date # of units unit Goods Sold unit 240|@$ 2.20-$ 528 240@| $2.201=| $ 528 144 S 672 January 1 January9 60|@$ 2.40 60 2.40 January 25[ 1001@$ 240|@$ 60|@ $ 1001 $ 2.20- 2.40|: 2.54 2.54 S 528 144 254 926 S January 26 110|@| 60|@| 100|@| $ $ $ 2.20 | = | 2.40!= 2.54|= $ 242 144 254 640 130 2.54 S 2.40 330 Totals S S 330