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 91 Purchase on January 25 Units 360 801 110 Unit Cost $3.50 3.70 3.80 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. Perpetual FIFO: Goods.purchased Cost of Goods Sold Inventory Balance # of Cost per unit units Cost per Cost of Goods unit # of units Sold Cost per unit Inventory Balance sold #of Date units January 1 January January 25 January 20 $ 000