A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 330 units. Ending inventory at January 31 totals 140 units. Units Unit Cost Beginning inventory on January 1 300 $ 2.80 Purchase on January 9 70 Purchase on January 25 100 3.00 3.14 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 Inventory Balance Date # of units Cost per unit # of units sold Cost per Cost of Goods unit Sold Cost per Inventory # of units unit Balance January 1 January 9 January 25 1. Prev 5 of 17 Next> 5 Sved Required: Assume the perpetual Inventory system is used. Determine the costs assigned to ending Inventory when costs are assigne LIFO. Perpetual LIFO: Goods purchased Cost of Goods Sold eBook Date # of units Cost per unit #of units unit Cost per Cost of Goods Sold # of units Inventory Balance Cost per Inventory unit Balance sold Hint Print References January 11 January 91 January 25 January 26 Totals NEW Prev 5 of 17 Next >