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 430 units. Ending inventory at January 31 totals 170 units. Units Unit Cost Beginning inventory on January 1 390 $ 3.80 Purchase on January 9 4.00 Purchase on January 25 120 90 4.10 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. Perpetual FIFO: Cost of Goods Sold Cost per Cost of Goods units sold unit Sold Goods purchased Cost per # of units Date # of Inventory Balance Cost per Inventory # of units Balance unit unit January 1 January 9 Total January 9 $ 0.00 January 25 Total January 25 January 26 Total January 26 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. Perpetual LIFO: Goods purchased Cost of Goods Sold # of units Cost per # of units Cost per Cost of Goods unit sold unit Sold Date Inventory Balance Cost per Inventory # of units unit Balance January 1 January 9 Total January 9 January 25 Total January 25 January 26 Total January 26 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round your per unit costs to 2 decimal places.) Weighted Average - Perpetual: Cost of Goods Sold #of Cost per Cost of Goods Sold Goods purchased # of units Cost per unit Date Inventory Balance Cost per unit Inventory Balance units sold # of units unit January 1 January 9 Average cost January 9 0.00 January 25 Average cost January 25 January 26 Total January 26