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 420 units. Ending Inventory at January 31 totals 170 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 380 90 120 Unit Cost $ 3.70 3.90 4.00 Required: Assume the periodic Inventory system is used. Determine the costs assigned to ending Inventory when costs are assigned based on the FIFO method. Periodio FIFO Cost of Goods Available for Sale CostotGoods Sold Inventory Balance # of units Cost per Cost of Goods unit Available for Sale $ 3.70 $ 1.400 of units Sold Gost per unit Cost of Goods Sold of units in ending inventory Cost per unit Ending Inventory 380 Beg. Inventory Purchases: January January 25 Total 3.00 351 90 120 500 4.00 480 $ 2.237 $ $