A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 310 units. Ending inventory at January 31 totals 130 units. Beginning inventory on January 1 Units 280 Unit Cost Purchase on January 9 Purchase on January 25 60 100 $ 2.60 2.80 2.94 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. Perpetual LIFO: Goods purchased Cost of Goods Sold Date Cost per # of units # of units unit sold Cost per Cost of Goods unit Sold # of units Inventory Balance Cost per unit Inventory Balance January 1 January 9 Total January 9 January 25 Total January 25 January 26 $ 0 A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 310 units. Ending inventory at January 31 totals 130 units. Beginning inventory on January 1 Purchase on January 9 Units 280 60 Unit Cost Purchase on January 25 100 $ 2.60 2.80 2.94 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round your per unit costs to 2 decimal places.) Weighted Average - Perpetual: Cost of Goods Sold January 1 January 9 Goods purchased Inventory Balance Date # of # of units Cost per unit units Cost per unit Cost of Goods Sold # of units Cost per unit Inventory Balance sold Average cost January 9 January 25 Average cost January 25 January 26 Total January 26 $ 0.00