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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

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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. lequired: Issume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on he FFO method. \begin{tabular}{|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{9}{|c|}{ Perpetual FIFO: } \\ \hline \multirow[b]{2}{*}{ Date } & \multicolumn{2}{|c|}{ Goods purchased } & \multicolumn{3}{|c|}{ Cost of Goods Sold } & \multicolumn{3}{|c|}{ Inventory Balance } \\ \hline & \begin{tabular}{c} Number of \\ units \end{tabular} & \multirow[t]{2}{*}{\begin{tabular}{c} Cost per \\ unit \end{tabular}} & \begin{tabular}{c} Number \\ of units \\ sold \end{tabular} & \multirow[t]{2}{*}{\begin{tabular}{c} Cost per \\ unit \end{tabular}} & \begin{tabular}{c} Cost of Goods \\ Sold \end{tabular} & \multirow[t]{2}{*}{\begin{tabular}{c} Number of \\ units \end{tabular}} & \multirow[t]{2}{*}{\begin{tabular}{c} Cost per \\ unit \end{tabular}} & \multirow[t]{2}{*}{\begin{tabular}{c} Inventory \\ Balance \end{tabular}} \\ \hline January 1 & & & & & & & & \\ \hline \multicolumn{9}{|l|}{ January 9} \\ \hline \multirow{2}{*}{\multicolumn{9}{|c|}{ Total January 9}} \\ \hline & & & & & & & & \\ \hline \multirow{2}{*}{\multicolumn{9}{|c|}{ January 25}} \\ \hline & & & & & & & & \\ \hline & & & & & & & & \\ \hline \multicolumn{9}{|l|}{ Total January 25} \\ \hline & & & & & & & & \\ \hline \multirow{2}{*}{\multicolumn{9}{|c|}{ January 26}} \\ \hline & & & & & & & & \\ \hline Total January 26 & & & & & & & & \\ \hline \end{tabular}

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