A company reports the following beginning inventory and two purchases for the month of January, On January 26, the company sells 360 units. Ending inventory at January 31 totals 130 units. Units 320 Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 70 Unit Cost $ 3.10 3.30 3.40 100 Required: Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method Periodic FIFO Cost of Goods Sold Cost of Goods Available for Sale #of Cost of Goods Available for units unit Sale Cost per Hof units sold Cost per Inventory Balance of units Cost per in ending Ending unit inventory Inventory unit Cost of Goods Sold Beg Inventory Purchases January 9 January 25 Total