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A company reports the following beginning inventory and two purchases for the month of January. On January $26,$ the company sells $440$ units. Ending inventory at January $31$ totals $170$ units.

Units Unit Cost

Beginning inventory on January $1400$ $ $3\mathrm{.}90$

Purchase on January $9904\mathrm{.}10$

Purchase on January $251204\mathrm{.}20$

QS $5-8$A $($Algo$)$ Periodic: Inventory costing with FIFO LO P$3$

Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method.