A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 360 units. Ending inventory at January 31 totals 130 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 320 70 100 Unit Cost $ 3.10 3.30 3.40 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 Inventory Balance Cost per Cost of Goods Sold # of Cost per Cost of units unit sold Goods Sold Cost per # of units Date # of units Inventory Balance unit unit January 1 January 9 $ 0.00 January 25 January 26 Totals