[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 410 units. Ending inventory at January 31 totals 150 units. Beginning inventory on January 1 Units 370 Unit Cost Purchase on January 9 Purchase on January 25 80 110 $3.60 3.80 3.90 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. Perpetual LIFO: Goods purchased Cost of Goods Sold Date - of units Cost per unit #of units sold Cost per Cost of Goods unit Sold # of units Inventory Balance Cost per unit Inventory Balance January 11 January 9 Total January 9 January 25 Total January 25 January 26 Total January 26 $ Check my work THE TOWOWIny more queauna apoyou w A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 410 units. Ending inventory at January 31 totals 150 units. Beginning inventory on January 1 Unite 370 Unit Cost Purchase on January Purchase on January 251 80 110 $3.60 3.80 3.90 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round your per unit costs to 2 decimal places.) Weighted Average Perpetual: Cost of Goods Sold January 1 January 9 Goods purchased Date Cost per # of units unit #of units sold Cost per unit Average cost January 9 January 251 Average cost January 25 January 26 Total January 26 Inventory Balance Cost of Goods Sold # of units Cost per unit Inventory Balance $ 0.00 Compute the missing amounts in the separate income statements A, B, and C. B C Sales $ 24,500 $ 97,500 Cost of goods sold 43,000 33,000 Gross profit 39,500 14,500 Expenses 7,500 Net income $ 16,000 $ 24,000