A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 250 units. Ending inventory at January 31 totals 130 units. Beginning inventory on January 1 Purchase on January 9 Units 230 50 Unit Cost Purchase on January 25 100 $ 2.00 2.20 2.34 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. Perpetual LIFO: Goods purchased Cost of Goods Sold Date # of units Cost per # of units unit sold Cost per Cost of Goods unit Sold # of units Inventory Balance Cost per Inventory unit Balance January 1 230 at $ 2.00 = $ 460 50 at $ 2.20 January 9 230 at 50 at $ $ 2.00 = $ 460 2.20= 110 Total January 9 $ 570 100 at $ 2.34 230 at $ 2.00= $ 460 January 25 50 at $ 2.20= 110 100 at $ 2.34 = 234 Total January 25 $ 804 100 at $ January 26 50 at $ 2.34 = 2.20= $ 234 at $ 2.00 = 110 at $ 2.20= at $ 2.00 = 0 at $ 2.34 = Total January 26 $ 344