A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 350 units Ending inventory at January 31 totals 150 units Unit Beginning inventory on January 1 Purchase on January Purchase on anuary 25 00 100 3:20 Required: Assume the periodic inventory system is used. Determine the costs assigned to ending Inventory when costs are assigned based on the LIFO method Periodic LIFO Cost of Goods Available for Sale Cost of Goods Cost per of Available for units 320 $ 3.00 $ 560 Cost of Goods Sold of units Cost per Cost of sold unit Goods Sold Inventory Balance # of units Cost per Ending in ending unit Inventory inventory Beg, Inventory Purchases January 9 January 25 Total 80 3.20 3.34 100 500 256 334 1,550 $ 0 0 0 0 $ $