A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 390 units. Ending inventory at January 31 totals 150 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 350 BO 110 Unit Cost $ 3.40 3.60 3.70 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 Date of units Cost per Cost of Goods Sold #of units Cost per Cost of Goods unit sold Sold Inventory Balance # of units Inventory unit Balance Cost per unit January 1 January 9 S 0.00 January 25 Perpetual FIFO: Goods purchased Cost of Goods Sold Inventory Balance Date #of units Cost per # of units sold unit Cost per Cost of Goods unit Sold #of units Cost per unit Inventory Balance January 1 January 9 2 0.00 January 25 January 26 Totals rurenase on January Purchase on January 25 HU 110 3.00 3.70 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO. Perpetual LIFO: Goods purchased Inventory Balance #of units Date Cost of Goods Sold # of Cost per Cost of Goods units unit sold Sold Cost per # of units Cost per Inventory Balance unit unit January 1 January 9 $ 0 January 25 January 26 Totals Required: Assume the perpetual-inventory system is used. Determine the costs assigned to ending Inventory when costs are assigned based on the weighted average method. (Round your per unit costs to 2 decimal places.) Weighted Average - Perpetual: Goods purchased Cost of Goods Sold Date Cost per units # of units sold unit Inventory Balance #of units Inventory unit Balance Cost per Cost of Goods unit Sold Cost per January 1 3901 $ 3.80 $1,482.00 January 9 Average cost S 0.00 January 25 Average cost January 26 Totals