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 400 units. Ending Inventory at January 31 totals 150 units Units Beginning Inventory on January 11 Purchase on January 9. 360 Unit Cost $3.50 Purchase on January 25 110 3.70 3.00 Required: Assume the perpetual Inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method Cate Goods purchased Number of Cost per units unit Number of units sold January 1 January 9 Total January 9 anuary 25 Total January 25 Perpetual FIFO Cost of Goods Sold Cost per Cost of Goods Sold unit Inventory Balance Number of units Cost per unit Inventory Balance $ 0.00