A company reports the following beginning inventory and two purchases for the month of January. On January 26 , the company sells 250 units. Ending inventory at January 31 totals 130 units. Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO. A company reports the following beginning inventory and two purchases for the month of January. On January 26 , the company sells 250 units. Ending inventory at January 31 totals 130 units. Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO