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Please solve for January 26th with explanation Required information Use the following information for the Quick Study below. (Algo) (5-7) [The following information applies to

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Please solve for January 26th with explanation

Required information Use the following information for the Quick Study below. (Algo) (5-7) [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 260 units. Ending inventory at January 31 totals 120 units. QS 5-5 (Algo) Perpetual: Inventory costing with FIFO LO P1 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on he FIFO method

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