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Use the following information for the Quick Study below A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 480 units. Ending inventory at January 31 totals 280 units. Beginning inventory on January 1 Purchase on January Purchase on January 25 Units 30e 260 200 Unit Cost $ 6.00 5.00 2.50 QS 5-5 Perpetual: Inventory costing with LIFO LO P1 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs LIFO. Inventory Balance Cost per Cost per Perpetual LIFO: Goods purchased #of Date units unit January 1 January 9 Cost of Goods Sold Cost per cost of Goods unit Sold # of units sold # of units Inventory Balance unit 0 January 25 January 26 Totals