A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 440 units. Ending inventory at January 31 totals 170 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 400 90 120 Unit Cost $ 3.90 4.10 4.20 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method Perpetual FIFO: Cost of Goods Sold Cost per Cost of Goods unit Sold Goods purchased Cost per of units unit Date # of units Inventory Balance Cost per Inventory of units unit Balance sold January 1 January 9 Total January 9 $ 0.00 January 25 Total January 25 January 26 Total January 26