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 320 units. Ending inventory at January 31 totals 140 units. Beginning inventory on January 1 Purchase on January Units Unit Cost 200 100 1.04 Purchase on January 25 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. Periodic FEQ Cost of Goods Available for Sale Cost of Goods Sold Inventory Balance Cost of Goods Number of units Cost per unit Available for Number of Cost per Sale units sold unit Cost of Goods Sold Number of sunits in ending inventory Cost per unit Ending Joventory Beginning Inventory 290 $ 2.70 5 783 Purchases January 9 70 2.90 January 25 100 3.04 Total 400 S 203 304 1.290 0