A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company seils 290 units. Ending inventory at January 31 totals 130 units. Units Unit Cost Beginning inventory on 260 $2.40 January 1 Purchase on January 9 60 2. 60 Purchase on January 25 100 2. 74 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO. Cost of Goods Sold Perpetual LIFO: Goods purchased Cost # of Date units per unit January # of units sold Cost per unit Cost of Goods Sold Inventory Balance Cost # of units per Inventory unit Balance 1 January 9 January 25 January 26