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 310 units. Ending inventory at January 31 totals 130 units Beginning inventory on January 1 Purchase on January Purchase on January 25 Units 280 60 100 Unit Cost 52.60 2.80 2.94 Required: Assume the perpetunt inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO Perpetual LIFO Goods purchased Date W of units Cost per Cost of Goods Sold of units Cost per Cost of Goods unit sold Sold Inventory Balance of units Cost per Inventory unit Balance unit January January 0 January 25