California Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. 1. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. 2. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Pernetual LIFQ: Journal entry worksheet 2344 California Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. 1. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. 2. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Pernetual LIFQ: Journal entry worksheet 2344