! Required Information Use the following information for the Quick Study below. (Algo) (5-7) [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 310 units Ending inventory at January 31 totals 130 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 280 60 100 Unit Cost 5 2.60 2.80 2.94 QS 5-6 (Algo) Perpetual: Inventory costing with LIFO LO P1 Assume the perpetual Inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method Inventory Balance Perpetual LIFO Goodsirchased Cost of Goods Sold of units Cost per of units Cost per Cost of Goods unit sold unit Sold Date of units Cost per unit Inventory Balance January 1 January Total January January 25 Total January 25 January 20 Total January 20 0 Required Information Use the following information for the Quick Study below. (Algo) (5-7) [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 310 units Ending inventory at January 31 totals 130 units. Units 280 Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 60 180 Unit Cost $ 2.60 2.80 2.94 QS 5-7 (Algo) Perpetual: Inventory costing with weighted average LO P1 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.) Goods purchased Inventory Balance Weighted Average - Perpetual Cost of Goods Sold #of units Cost per Cost of Goods unit sold Sold Date #of units Cost per unit of units Cost per unit Inventory Balance January 1 January Average cost January January 25 Average cost January 25 January 20 Total January 20