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 11 Purchase on January 9 Purchase on January 25 Units 290 Unit Cost $ 2.70 70 100 2.90 3.04 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 FIFO Cost of Goods Available for Sale Cost of Goods Sold Inventory Balance Number of Number Cost per Cost of Goods Available for of units unit Number of Cost per units sold unit Cost of Goods Sold: units in Sale ending inventory Cost per unit Ending Inventory Beginning Inventory 290 $ 2.70 $ 783 Purchases January 9 January 251 100 Total 460 288 70 2.90 3.04 $ 1,290 203 304 0 S 0 0 S