OS 5-4 Perpetual: Inventory costing with FIFO LO P1 A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 350 units. Ending inventory at January 31 totals 150 units its Unit cost 320 Beginning inventory on January 1 Purchase on January9 Purchase on January 25 80 100 3.20 3.34 Required: then determine the costs assigned to ending inventory when costs are assigned Assume the perpetual inventory system is used and based on the FIFO method. Perpetual FIFO Goods purchased Cost of Goods Sold # of unit units Cost per sold #or units Cost per Inventory unit Cost per Cost of Goods Date | #of Sold Balance January 9 $ 0.00 January 25 January 26 .