! 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 390 units. Ending inventory at January 31 totals 150 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 350 80 110 Unit Cost $ 3.40 3.60 3.70 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. Answer is complete but not entirely correct. Perpetual FIFO: Cost of Goods Sold Cost # of units Cost of sold per Goods Sold unit Date Goods purchased Cost # of units per unit Inventory Balance Cost Inventory # of units per Balance unit $ 350 at $ $ 3.40 = 1,190.00 January 1 = 80 at $ 3.60 350 at $ 3.40 January 9 80 at $ 3.60 = $ 1,190.00 288.00 $ 1,478.00 Total January 9 110 at $ 3.70 350 at $ 3.40 $ 1,190.00 January 25 80 at $ 3.60 288.00 110 at $ 3.70 = Total January 25 407.00 $ 1,885.00 350 at $ 3.40 = $ 3.40 = 136.00 S 1,190.00 144.00 January 26 = 40 at 390 X at = 40 at X 110 X at at 150 X at $ 3.60 $ 3.70 $ 3.60 $ 3.70 396.00 555.00 $ 1,087.00 1,443.00 $ 2,777.00 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: Cost of Goods Sold Goods purchased Inventory Balance Date Cost per # of units Cost per # of units unit sold Cost per unit Cost of Goods Sold # of units Inventory Balance unit January 1 January 9 Total January 9 $ 0 January 25 Total January 25 January 26 Il Total January 26 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round your per unit costs to 2 decimal places.) Weighted Average - Perpetual: Cost of Goods Sold Goods purchased Inventory Balance Date Cost per # of units # of units sold Cost per unit Cost of Goods Sold # of units unit Cost per unit Inventory Balance January 1 January 9 Average cost January 9 0.00 January 25 Average cost January 25 January 26 Total January 26