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A company reports the following beginning Inventory and two purchases for the month of January. On January 26, the company selis 300 units Ending Inventory

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A company reports the following beginning Inventory and two purchases for the month of January. On January 26, the company selis 300 units Ending Inventory at January 31 totals 130 units Beginning inventory on January 1 Purchase on January Purchase on January 25 Unit Unit Cest 270 $ 2.50 60 2.70 100 2.14 Required Assume the periodic Inventory system is used Determine the costs assigned to onding inventory when costs are assigned baced on the FIFO method Periode FIFO entory Balance cout of Good Aadable for sale HO Cost pe Cost of (loods units Available for Sale Cot Goody Bold of units olis Cost per Cost of Lold Goods sold in ending mentor Cost pe Ending Beg. Inventory Purchases January January 25 Tous

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