A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 260 units Ending Inventory at January 31 totals 120 units. Inventory on January 1 Purchase on January 9 Purchase on January 25 Units Unit Cost 230 $ 2.10 2.30 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method Perpetual FIFO: Goods purchased Cost per of Cost of Goods Sold Cost per cost of Goods Sold Inventory Balance Cost per inventory of units unit Balance Date January 9 @ $ 2.30 $ 230 - $ 115,00 January 25 100 2244