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 Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 320 80 100 Unit Cost $ 3.00 3.20 3.34 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method Answer is not complete. of Perpetual FIFO: Goods purchased #of Cost Date units per unit January 1 Cost of Goods Sold Cost Cost of per Goods Sold unit Inventory Balance Cost # of units Inventory per Balance units sold 320 $ 3.00 $96000 SS MA Date # of units Cost per unit # of units Cost per unit Cost of Goods Sold # of units Cost per Inventory Balance sold unit 320 @ $ 3.00 $960.00 January 1 January 19 80 $ 3.20 @ $ 3.00 = 80 @ $ 320 256.00 $256.00 January 25 100 $ 3.34 @ $ 3.00 $ 320 100 > @ $ 3.34 334.00 $ 334.00 January 26 GI $ 3.00 $ 0.00 @ 0.00 $ 3.20 $ 3.34 = 0.00 Totals