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. Units 320 Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Unit Cost $ 3.00 3.20 3.34 100 Required: Assume the perpetual inventory system is used and then 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 Date Cost per # of units # of units sold Cost per unit Cost of Goods Sold unit Cost per unit # of units Inventory Balance January 1 January 9 S 0 January 25 January 26 Totals