Part 1 of 3 pints eBook Hint Print References Required information Use the following information for the Quick Study below. (Algo) (8-10) [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 390 units. Ending inventory at January 31 totals 150 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Cost of Goods Available for Sale Cost of Goods Available for Sale QS 5-8A (Algo) Periodic: Inventory costing with FIFO LO P3 Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. (Round your per unit costs to 2 decimal places.) # of units Units 350 80 110 Cost per unit Periodic FIFO Unit Cost $ 3.40 3.60 3.70 Cost of Goods Sold # of units sold Cost per unit Cost of Goods Sold Inventory Balance # of units in ending invento Cost per unit Ending Inventory

Required information Use the following information for the Quick Study below. (Algo) (8-10) [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 390 units. Ending inventory ot January 31 totals 150 units. QS 5-8A (Algo) Periodic: Inventory costing with FIFO LO P3 Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. (Round your per unit costs to 2 decimal places.)