! -- Required information [The following information applies to the questions displayed below.] A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 250 units. Ending inventory at January 31 totals 130 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units Unit Cost 230 $ 2.00 50 2.20 100 2.34 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. Perpetual FIFO: Goods purchased Cost of Goods Sold # of Date Cost per # of units unit units sold Cost per Cost of Goods unit Sold # of units Inventory Balance Cost per unit Inventory Balance January 1 50 at $ 2.20 230 at $ 2.00 = $ 460.00 January 9 230 at 50 at $ 2.00 = $ 2.20 = $ 460.00 Total January 9 110.00 $ 570.00 January 25 Total January 25 January 26 100 at GA $ 2.34 230 at 50 at 100 at $ 2.00 = $ 460.00 $ 2.20 = $ 2.34 II 110.00 234.00 $ 804.00 100 at $ 2.00 = 50 at $ 2.20 = 2.34 = $ 200.00 110.00 351.00 $ 661.00 50 at 100 at $ 2.20 = 150 at $ 2.00 = 100.00 220.00 $ 2.34 = 351.00 $ 671.00 150 at $ Total January 26 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. Perpetual LIFO: Goods purchased Cost of Goods Sold Date # of units Cost per # of units unit sold Cost per unit Cost of Goods Sold Inventory Balance Cost per Inventory # of units $ unit 2.00 = Balance January 1 January 9 Total January 9 January 25 Total January 25 January 26 Total January 26 50 at $ 2.20 100 at $ 2.34 230 at 460 230 at $ 2.00 = 460 50 at $ 2.20= 110 $ 570 230 at $ 2.00 = 460 50 at $ 2.20 = 110 100 at $ 2.34= 234 EA 804 100 at $ 50 at $ 2.34 = 2.20= $ 234 0 at 110 at $ 2.00 = 0 0 at at $ 344 69 $ 2.00 = EA $ 2.20= EA $ 2.34 = Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. Note: Round your per unit costs to 2 decimal places. January 1 January 9 Weighted Average - Perpetual: Goods purchased Cost of Goods Sold Inventory Balance # of Date # of units Cost per unit units sold Cost per unit Cost of Goods Sold # of units Cost per unit Inventory Balance Average cost January 9 January 25 Average cost January 25 January 26 Total January 26 50 at $ 2.20 100 at EA 2.34 at at $ 2.20 = at $ 0.00 at at $ EA at 2.34 =