THUY VEYmy nventory and two purchases for the month of January. On January 26, the company sells 350 units. Ending inventory at January 31 totals 150 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 320 se 100 Unit Cost $ 3.00 3.20 3.34 Required: Assume the periodic Inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Inventory Balance Cost per # of units # of units sold Cost per unit Cost of Goods Sold # of units in ending Inventory Cost per unit Ending inventory cost of Goods Available for unit Sale $ 3.00 $ 960 s 320 320 960 3.00 $ Beg Inventory Purchases January 9 January 25 3.20 320 3.20 3.34 80 100 500 334 100 G 420 256 334 1.550 150 150 301 501 5 5 $ 1280