A company reports the following beginning Inventory and two purchases for the month of January. On January 26, the company sells 440 units. Ending inventory at January 31 totals 170 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 400 $3.90 90 120 4.10 4.20 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO Required LIFO Cost of Goods Sold |cost per|Cost of Goods | Cost per Inventory Balance #of counter units unit #Of Costper units #of units Sold nits sold Prev 7 of 17 Next