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A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 330 units. Ending inventory

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A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 330 units. Ending inventory at January 31 totals 140 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 t cost 2.89 3.09 3.14 78 100 Required: Assume based on the FIFO method. the perpetual inventory system is used and then determine the costs assigned to ending inventory when costs are assigned Perpetual FIFO Balance sed Cost per unit Cost of Goods | Sold Cost per Iiventory Date | January 1 January 9 # of Cost per units units # of units unit Balance unit sold January 25

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