last 4 boxes

A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 320 units Ending inventory at January 31 totals 140 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 290 70 100 Unit Cost $ 2.70 2.90 3.04 Required: Assume the perpetual Inventory system is used. Determine the costs assigned to ending Inventory when costs are assigned based on the FIFO method. Perpetual FIFO: Goods purchased Inventory Balance Date # of units Cost per Cost of Goods Sold # of units Cost of unit sold Goods Sold Cost per Cost per # of units unit unit Inventory Balance January 1 2901 $ 2.70] = $ 783.00 January 9 701 $ 2.90 $ 2.70 2901 701 $ 2.90 S 783.00 203.00 $ 980.00 January 25 1001 $ 3,04 360 100 $ 2.70 $ 2.90 - 3.04 - 4601 $ $ 972.00 290.00 1,398,40 $ 2,680.40 January 26 1401 378.00 3201 $ 2.70 $ 2.90 @ $ 3.04 - $ 864.00 0.00 0.00 $ 864.00 $ 2.70 $ 2.90 - $ 3,04 @ Totals $ 378.00