Required information Use the following information for the Quick Study below. (Algo) [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 280 units. Ending inventory at January 31 totals 130 units. Units Unit Cost Beginning inventory on January 1 250 $2.30 Purchase on January 9 60 2.50 Purchase on January 25 100 2.64