A company reports the following beginning inventory and two purchases for the month of January. On January $26,$ the

company sells $350$ units. Ending inventory at January $31$ totals $150$ units.

QS $5-5($Algo$)$ Perpetual: Inventory costing with FIFO LO P$1$

Required:

Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on

the FIFO method.