QS 5-6 (Algo) Periodic: Inventory costing with LIFO LO P1 Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Inventory Balance # of units Cost per unit Cost of Goods Available for # of units sold Cost per unit Cost of Goods Sold Sale # of units in ending inventory Cost per Ending unit Inventory $ 0 Beg. Inventory Purchases: January 9 January 25 Total 0 0 0 $ 0 0 $ 0 0 $ EA 0