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( Required information Use the following information for the Quick Study below. ( Algo ) ( 8 - 1 0 ) [ The following information

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Use the following information for the Quick Study below. (Algo)(8-10)
[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.
\table[[Beginning inventory on January 1,Units,Unit cost],[Purchase on January 9,290,$2.70
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