A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 340 units Ending inventory at January 31 totals 140 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 310 70 100 Unit Cost $ 2.90 3.10 3.24 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO. Cost of Goods Sold Perpetual LIFO: Goods purchased #of Date units Cost per # of units Cost per Cost of Goods unit Sold Cost per Inventory Balance # of units Inventory unit Balance sold January 1 January 9 January 25