Ch 5: Homework Saved 4 Part 2 of 3 Use the following information for the Quick Study below. (Algo) (5-7) [The following information applies to the questions displayed below.] A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 420 units. Ending inventory at January 31 totals 170 units. 076 points Skipped eflook H References Mc Graw Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 380 Unit Cost $ 3.70 90 120 3.90 4.00 QS 5-6 (Algo) Periodic: Inventory costing with LIFO LO P3 Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. Note: Round your per unit costs to 2 decimal places. Beginning Inventory Purchases January 91 Periodic LIFO of units unit Cost of Goods Sold Cost of Goods Available for Sale Number Cost per Cost of Goods Number of Cost per Available for units sold Sale Inventory Balance unit Cost of Goods Sold Number of units in ending inventory Cost per unit Ending Inventory $ January 25 Total $ 0 0 $ 0 9 < Prev 4 5 of 13 Next > $ Help