Ch. A company reports the following beginning inventory and two purchases for the month of JanuaryOn January 26, the company sells 400 units. Ending inventory at January 31 totals 150 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 360 80 110 Unit Cost $ 3.50 3.70 3.80 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO. Perpetual LIFO: Goods purchased Cost of Goods Sold Inventory Balance Date # of units Cost per # of units sold unit Cost per Cost of Goods unit Sold Cost per # of units Inventory Balance unit January 1 January 9 January 25