A company reports the following beginning inventory and two purchases for the month of January. On January $26,$ the company sells $320$ units. Ending inventory at January $31$ totals $140$ units.

Units Unit Cost

Beginning inventory on January $1290$ $ $2\mathrm{.}70$

Purchase on January $9702\mathrm{.}90$

Purchase on January $251003\mathrm{.}04$

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.