A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 440 units. Ending inventory at January 31 totals 170 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units Unit Cost 400 $ 3.90 4.10 4.20 90 120 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO. Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assign LIFO. Perpetual LIFO: Goods purchased # of units Cost per unit Cost of Goods Sold # of units Cost per Cost of Goods Sold unit Sold Date Inventory Balance # of units Cost per Inventory unit Balance January 1 January 9 January 25 January 26 Totals