A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 420 units. Ending Inventory at January 31 totals 170 units. Beginning inventory on January 1 Units 380 Unit Cost $3.70 Purchase on January 9 Purchase on January 25 90 120 3.90 4.00 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO. Perpetual LIFO: Goods purchased Cost of Goods Sold # of Date # of units Cost per unit Cost per Cost of Goods units # of units unit Sold Inventory Balance Cost per unit Inventory Balance sold January 1 January 9 January 25 January 26 Totals Prey 3 of 8 Next > 0