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 400 units Ending inventory at January 31 totals 150 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 360 80 110 Unit Cost $ 3.50 3.70 3.80 Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Inventory Balance # of units Cost per Ending in ending unit Inventory inventory # of units Cost of Goods Cost per Available for unit Sale $ 3.50 $ 1,260 Cost per # of units sold Cost of Goods Sold unit 360 Beg. Inventory Purchases: January 9 January 25 Total 80 3.70 80 3.70 3.80 110 296 418 1.974 3.80 296 418 714 110 190 0 550 $ $ 0 $ 0