A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 350 units. Ending inventory at January 31 totals 150 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 320 80 100 Unit Cost $ 3.00 3.20 3.34 Required: Assume the perpetual inventory system is used and then determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. Perpetual FIFO: Goods purchased # of units Date Cost per unit Cost of Goods Sold cost mor Cost per Cost of Goods SI Sold # of units unit Inventory Balance # of units Cost per Inventory unit Balance $ 3.00 = sold January 1 January 9 $ 0.00 January 25 January 26 Totals A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 350 units. Ending inventory at January 31 totals 150 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 320 80 100 Unit Cost $ 3.00 3 3.20 3.34 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO. Perpetual LIFO: Goods purchased Cost of Goods Sold # of cost per Cost of Goods Date # of units Cost per unit units sold unit Sold Inventory Balance # of units Cost per Inventory unit Balance $ 3.00 = January 1 January 9 January 25 January 26 Totals A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 350 units. Ending inventory at January 31 totals 150 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 320 80 100 Unit Cost $ 3.00 3.20 3.34 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round your per unit costs to 2 decimal places.) Inventory Balance Weighted Average - Perpetual: Goods purchased # of Cost per Date units unit Cost of Goods Sold # of Cost per Cost of Goods units sold unit Sold # of units Cost per unit Inventory Balance January 1 320 @ $ 3.00 = $ 960.00 January 9 Average cost 1 $ 0.00 January 25 Average cost January 26 Totals