Review Ch 5,6,8,9,10 Seved 12 QS 6-5 Perpetual: Inventory costing with LIFO LO P1 6.25 points A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 350 units. Ending inventory at January 31 totals 150 units. Unsts Unit Cost Beginning inventory on January 1 320 $ 3.00 Purchase on January 9 3.20 Purchase on January 25 100 3.34 Book 80 Bent Pint References Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO. Perpetual LIFO: Goods purchased #ot Date Cont per units unit #of units sold Cost of Goods Sold Cost per Cost of Goods unit Sold Inventory Balance Cost per of units Inventory unit Balance January 1 January January 25 ME