On January 1, Henderson Corporation had a beginning inventory of 500 units at a cost of $2 per unit. During the month of January, Henderson had the following activity: Purchases: Units Cost Extended 9-Jan 300 2.5 750 12-Jan 400 2.6 1040 18-Jan 600 2.8 1680 Sales: Henderson sold 400 units for $4 each on January 10th. Henderson sold 400 units for $4.20 each on January 16th. Use this fact pattern for the remaining quiz questions. What is the Costs of Goods Sold for the month of January under the LIFO Perpetual method? 2,270 2,480 1,680 2,200 1,990 What is the balance of inventory at the end of the month under the LIFO Perpetual Method? 2,200 1,680 1,990 2,480 2,270