Check my work Required information [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 330 units Ending inventory at January 31 total 140 units Unitsit Cost Beginning inventory on January 1 320 $2.50 Purchase on January Purchate on January 25 100 3.14 70 3.60 Required: Assume the periodic Inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method Required: Assume the periodic Inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Cost of Goods of units Cost per ol units Cost per Inventory Balance of units in ending Cost per Ending unit Inventory inventory unit sold Costot Goods Sold unit Available for Sale $ 0 Bog Inventory | Purchiones January January 25 Tot 0 0 0 0 5 0 $ Assume the periodic Inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method 3 Periodic LIFO Cost of Goods Sold Cost of Goods Available for Sale #of Cost per Cost of Goods Available for unit units Sale $ 0 # of units sold Cost per Inventory Balance #of units Cost per in ending Ending unit Inventory Inventory Cost of Goods Sold unit + Beg Inventory Purchases January 9 January 25 Total 0 0 0 0 S 0 $ 0 0 $ 0 Required information 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 330 units. Ending inventory at January 31 totals 140 units Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 300 70 100 Unit Cost $ 2.80 3.00 3.14 Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method (Round per unit costs to 3 decimal places. Amounts to be deducted should be indicated with a minus sign.) Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method (Round per unit costs to 3 decimal places. Amounts to be deducted should be indicated with a minus sign.) ol Periodic Weighted Average Inventory on hand Cost per Inventory # of units unit Value Cost of Goods Sold #of units Avg. Cost per Cost of sold Goods Sold unit Jook Beginning Inventory Purchase - January 9 Purchase - January 25 Available for Sale January Sales Total