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 370 units. Ending inventory at January 31 totals 150 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 330 Unit Cost $3.20 80 3.40 110 3.50 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 unit Cost per # of units sold Cost per unit Cost of Goods Sold # of units unit Inventory Balance Cost per Inventory Balance January 11 80 at $ 3.40 330 at $ 3.20= $ 1,056 330 at GA $ 3.20= S 1,056 January 9 80 at $ 3.40= 272 Total January 9 $ 1,328 110 at $ 3.50 330 at S 3.20= $ 1,056 January 25 80 at $ 3.40= 272 110 at S 3.50= 385 Total January 25 19 $ 1,713 555 January 26 110 at 80 at at Total January 26 3.50 $ 385 at S 3.40- 272 at 3.20 0 at 55 3.20 = 3.40 = 3.50= $ 657