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help pls Chec A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 380
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Chec A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 380 units. Ending inventory at January 31 totals 150 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Unita 340 80 Unit Cont $ 3.30 3.50 3.60 110 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. 201 Goods purchased Perpetual FIFO Cost of Goods Sold #of units Cost per Cost of Goods unit sold Sold Inventory Balance Dato of units Cont per unt w of units Cost per unit Inventory Balanco January 1 January 9 Total January 9 $ 0.00 January 25 Total January 25 January 26 Total January 26 Step by Step Solution
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