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Fill in the blank with yellow shape A company reports the following beginning inventory and purchases for the month of January. On January 26, the

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A company reports the following beginning inventory and purchases for the month of January. On January 26, the company sells 350 units. 150 units remain in ending inventory at January 31. Units Unit Cost Beginning inventory on January 1 320 $ 3.00 Purchase on January 9 80 3.20 Purchase on January 25 100 3.34 Required: Assume the perpetual inventory system is used and then determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. Perpetual FIFO: Cost of Goods Available for Sale Cost of Goods Sold - January 26 Inventory Balance # of units Cost per unit Cost of Goods Avaliable for Sale # of units sold Cost per unit Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory Beg. Inventory Purchases: January 9 January 25 Total $ 0 0 $ 0 0 $ 0

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