Required information Use the following information for the Quick Study below. (Static) (5-7) (The following information applies to the questions dispiayed bolow] A company reports the following beginning imventory and two purchases for the month of January, On January 26 , the company sells 350 units. Ending inventory at January 31 totals 150 units. QS 5.6 (Static) Perpetual: Inventory costing with LIFO LO P1 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are ass. the LiFO method