QS 5-7A Periodic: Inventory costing with FIFO LO P3 Check my work A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 350 units Ending inventory at January 31 totals 150 units Beginning inventory on January 1 Purchase on January Purchase on January 25 Units 320 50 Unit cost $ 3.00 3.20 3234 100 Required: Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method Periodic HEO Conto.Goods Sold Castor Goods Available for Sale Cost of Goods Available for units Sale Com per W of units ok Cost per Cost of Goods Sold Inventory Balance . w of units in ending Cost per Ending Inventory Inventory $ 0 Blog Inventory Purchases January 9 January 25 Total 0 $ D 0 0 0 S