Required information A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 450 units. Ending inventory at January 31 totals 350 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 400 200 200 Unit Cost $ 4.00 5.00 2.50 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 Inventory Balance Date Cost of Goods Sold Cost per Cost of Goods unit S old Cost per unit # of units # of units of units Cost per unit Inventory Balance January 1 January 9 January 25 January 26 Totals