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A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 400 units. Ending

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A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 400 units. Ending inventory at January 31 totals 150 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 360 Unit Cost $ 3.50 80 110 3.70 3.80 QS 5-6 (Algo) Periodic: Inventory costing with LIFO LO P3 Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. Note: Round your per unit costs to 2 decimal places. Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Number of units Cost per unit Available for Sale Cost of Goods Number of Cost per units sold unit Cost of Goods Sold Beginning Inventory Purchases: January 9 January 25 Total Inventory Balance Number of units in ending Inventory Cost per unit Ending Inventory

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