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 periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Inventory Balance Cost per # of units Cost per unit Cost of Goods Available for Sale Cost per # of units sold unit Cost of Goods Sold # of units in ending inventory unit Ending Inventory $ 0 Beg. Inventory Purchases: January 9 January 25 0 0 Total 0 $ 0 0 $ 0 0 $ 0