[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 250 units. Ending inventory at January 31 totals 130 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 230 50 100 Unit Cost $ 2.00 2.20 2.34 QS 5-5 (Algo) Periodic: Inventory costing with FIFO LO P1 Required: Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. X Answer is not complete. . Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Inventory Balance # of units sold Cost of # of Cost Goods units per unit Available for Sale 230$ $ 2.00 2.00$ 460 Cost Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory per unit 230 $ 2.00 $ 460 0 Beg. Inventory Purchases: January 9 January 25 50 2.20 110 60 X 2.20 132 OO . 2.34 234 0 100 2.34 234 100 380 Total $ 804 290 $ 592 100 $ 234 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 250 units. Ending inventory at January 31 totals 130 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 230 50 100 Unit Cost $ 2.00 2.20 2.34 QS 5-6 (Algo) Periodic: Inventory costing with LIFO LO P1 Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Inventory Balance # of units Cost per unit Cost of Goods Available for Sale # of units sold Cost per unit Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory Beg. Inventory Purchases: January 9 January 25 Total 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 250 units. Ending inventory at January 31 totals 130 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 230 50 100 Unit Cost $ 2.00 2.20 2.34 QS 5-7 (Algo) Periodic: Inventory costing with weighted average LO P1 Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round per unit costs to 3 decimal places. Amounts to be deducted should be indicated with a minus sign.) Periodic Weighted Average Inventory on hand Inventory # of units unit Value Cost per Cost of Goods Sold # of units Avg. Cost per Cost of sold unit Goods Sold Beginning Inventory Purchase - January 9 Purchase - January 25 Available for Sale January Sales Total