Required information A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 640 units. Ending inventory at January 31 totals 190 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 200 450 180 Unit Cost $ 7.00 5.00 4.00 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO. Inventory Balance Perpetual LIFO: Goods purchased # of Cost per Date units Cost of Goods Sold # of Cost per cost of Goods units Sold sold # of units Cost per unit Inventory Balance unit unit January 1 January 9 January 25 January 26 Totals