QS 6-5 Perpetual: Inventory costing with LIFO LO P1 A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 440 units Ending inventory at January 31 totals 170 units Unit Beranning inventory on anary 1 Purchase on January 9 Purchase on Janary-25 400 90 120 Unit Cont $ 3.90 4.10 4.20 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO Perpetual LIFO: Goods purchased Date Bol Cost per Cost of Goods Sold of units Cost per Cost of Goods Bold Sold Inventory Balance #of units Inventory unit Balance Cost per January 1 January 9 January 25 January 26