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 360 units. Ending inventory at January 31 totals 130 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Unita 320 Unit Cost $ 3.10 70 100 3.30. 3.40 Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. (Round your per unit costs to 2 decimal places.) Answer is not complete. Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Inventory Balance Cost of of units Cost per unit Goods Available. of units sold Cost per unit Cost of Goods Sold # of units In ending inventory Cost per unit Ending Inventory for Sale Beginning Inventory 320 $ 3.10 $ 992 320 $ 3.10 $ 992 Purchases: January 9 70 3.30 231 January 25 100 3.40 340 Total 490 $ 1,563 320 S 992 0 $ 0 9 < Prev 6 7 of 16 Next