A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 390 units. Ending inventory at January 31 totals 150 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 350 80 110 Unit Cost $ 3.40 3.60 3.79 QS 6-5 (Algo) Perpetual: Inventory costing with FIFO LO P1 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method Goods purchased Inventory Balance Date Perpetual FIFO: Cost of Goods Sold of units Cost per Cost of Goods unit sold Sold of units Cost per Cost per unit # of units unit Inventory Balance January 1 January 9 Total January January 25 Talla [The following information applies to the questions displayed below.) A company reports the following beginning inventory and two purchases for the month of January, On January 26, the company sells 390 units. Ending inventory at January 31 totals 150 units. 3 Beginning inventory on January Purchase on January 9 Purchase on January 25 Units 350 50 110 Unit Cost $ 3.40 3.60 3.70 QS 6-6 (Algo) Perpetual: Inventory costing with LIFO LO P1 Assume the perpetual Inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method cer Perpetual LIFO: Goods purchased Cost of Goods Sold # of units Cost per # of units Cost per Cost of Goods unit sold unit Sold Date Inventory Balance # of units Cost per Inventory unit Balance January 1 January Total January January 25 Use the following information for the Quick Study below. (Algo) (5-7) [The following information applies to the questions displayed below.) A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 390 units. Ending inventory at January 31 totals 150 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 350 89 110 Unit Cost $ 3.40 3.60 3.70 QS 6-7 (Algo) Perpetual: Inventory costing with weighted average LO P1 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method (Round your per unit costs to 2 decimal places.) Goods purchased Date Weighted Average - Perpetual Cont of Goods Sold # of units Cost per Cost of Goods sold unit Sold # of units Cost per Inventory Balance Cost per unit inventory Balance unit N of units January 1 January 9 Average cost January January 25