A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 260 units. Ending inventory at January 31 totals 120 units Units Unit Cost Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 230 50 100 $ 2.10 2.30 2.44 Required Assume the perpetual inventory system is used and then determine the costs assigned to ending inve when costs are assigned based on the FIFO method Perpetual FIFO Goods purchased ost of Goods Sold Inventory Balance #of Cost perunits Cost per Cost of Goods | ost per Inventory unit 0 # of units Date units unit unit Sold Balance sold 230|@ $ 2.10.-| $ 483.00 January 1 50|@$ January 9 2.30 50 S 2.10 105.00 2.30- $ 105.00 230$ 2.10 483.00 115.00 1ool@| $ 2.44=| 244.00 $ 842.00 100 2.44 January 25 230 50 2.10- 2.30- 2.44- January 26 230$ 2.10 50S 2.30 110|@| $ 2.44| 483.00 115.00 268.40 $ 866.40 292.80 $ 292.80 120 Totals A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 370 units. Ending inventory at January 31 totals 150 units Units Unit Cost Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 $ 3.20 3.40 3.50 330 80 110 Required Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory wher costs are assigned based on LIFO Perpetual LIFO Goods purchased Cost of Goods Sold Inventory Balance #of Cost per units Cost per Cost of Goods | Cost per Inventory Balance 0 # of units Date units unit unit Sold unit sold January 1 January 9 January 25 January 26 Totals