A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 360 units. Ending inventory at January 31 totals 130 units. Units Unit Cost Beginning inventory on January 1 320 $ 3.10 Purchase on January 9 70 3.30 Purchase on January 25 100 3.40 Required: Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Inventory Balance # of Cost per units unit Cost of Goods Available for Cost per unit # of units in ending inventory Cost per unit Sale Beg. Inventory $ 0 Purchases: January 9 0 January 25 0 0 $ 0 0 Total # of units sold 0 Cost of Goods Sold $ 0 Ending Inventory 0