A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 310 units. Ending inventory at January 31 totals 130 units Units Unit Cost Beginning inventory on January1 Purchase on January 9 Purchase on January 25 280 60 100 $ 2.60 2.80 2.94 Required Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method # of | Cost per | units Cost of Goods | # of units sold of units Cost per Inventory Cost per Cost of r Ending Available for unit Goods Sold in ending unit unit Sale 280 2.609 728 Beg. Inventory Purchases January 9 January 25 60 100 440 2.80 2.94 168 294 1,190 Total