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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 440 units Ending Inventory at January 31 totals 170 units Units Unit Cost Beginning inventory on January 1 400 $ 3.90 Purchase on January 9 Purchase on January 25 90 120 4.10 4.20 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method A Inventory Balance Cost of Goods Sold #of units Cost per Cost of Goods unit Sold sold Cost per Perpetual FIFO: Goods purchased # of Cost per Date units unit January 1 January 9 90 $ 4.10 # of units Inventory Balance unit 400 $ 3.90 $1,560.00 $ 351.00 @ $ 3.90 $4.10 S 351.00 January 25 120 @ $ 4.20 4001 gol 1201 $ 3,90 S410 $ 4.20 = $1,500.00 369.00 504 00 $2.433.00 Print January 26 S References @ @ @ $ 3.90 = $ 4.10 = @ $ 420 = 0.00 0.00 0.00 Totals