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OS 6-4 Perpetual: Inventory costing with FIFO LO P1 orts the following beginning inventory and two purchases for the month of January, On January 26.

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OS 6-4 Perpetual: Inventory costing with FIFO LO P1 orts the following beginning inventory and two purchases for the month of January, On January 26. the ny sells 250 units Ending inventory at January 31 totals 130 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 230 50 100 $2.00 2.20 2.34 Required: Assume the perpetual inventory system is used and then determine the costs assigned to ending inventory when costs are assigned based on the FIFO method

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