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A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 270 units. Ending inventory at January 31 totals 130 units.

	Units	Unit Cost
Beginning inventory on January 1	240	$ 2.20
Purchase on January 9	60	2.40
Purchase on January 25	100	2.54

Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method.

Note: Round your per unit costs to 2 decimal places.

Required information [The following information applies to the questions displayed beiow] A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 270 units. Ending inventory at January 3f totals 130 units. Ssume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based C.FIFO method: ote: Round your per unit costs to 2 decimal places. Required information [The following information applies to the questions displayed beiow] A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 270 units. Ending inventory at January 3f totals 130 units. Ssume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based C.FIFO method: ote: Round your per unit costs to 2 decimal places