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Required information A company reports the following beginning inventory and two purchases for the month of January, On January 26, the company sells 320 units.

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Required information A company reports the following beginning inventory and two purchases for the month of January, On January 26, the company sells 320 units. Ending inventory at January 31 totals 135 units units 300 Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 unit cost $ 3.80 4.60 5.ee se Required: Assume the perpetual inventory system is used and then determine the costs assigned to ending inventory when costs are assigne based on the FIFO method Perpetual Goods purchased Cast of Goods Sold Inventory Balance Date of of t s Cost per Cost per Cost of Goods unit Sold Cost per unit Inventory Balance January 1 January 9 January 25

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