maksumportant training Outlook Web App Koller Accommoda + 1 WH 2020 21.00 E XL-Dashboard B Classes t 1-WH2020-21-Go k 2 - Apply: Connect Homework (cue Day 71 saved Help Save & E 6 A company reports the following beginning inventory and two purchases for the month of January, On January 26, the company sells 270 units. Ending inventory at January 31 totals 130 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 units 240 60 100 Unit Cost $2.20 2.40 2.54 2.5 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 Date W of units unit January 1 # of units sold Cost per Cost of Goods Sold Cost per Cost of Goods unit Sold Inventory Balance Cost per Inventory #of units Balance January 9 $ 0.00 January 25