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Use the following Information for the Qulck Study below. $($Algo$)(5-7)$

$[$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 $360$ units. Ending Inventory at January $31$ totals $130$ units.

Beginning Inventory on January $1$

Purchase on January $9$

Purchase on January $25$

Units

$320$

$70$

$100$

Unit cost

$$3\mathrm{.}10$

$3\mathrm{.}30$

$3\mathrm{.}40$

QS $5-6($Algo$)$ Perpetual: Inventory costing with LIFO LO P$1$

Assume the perpetual Inventory system Is used. Determine the costs assigned to ending Inventory when costs are assigned based on the LIFO method.