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U5-5 Perpetual: Inventory costing with LIFO LO P1 A company reports the folowing begiring inventory and purchases for the month of January On January 26,

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U5-5 Perpetual: Inventory costing with LIFO LO P1 A company reports the folowing begiring inventory and purchases for the month of January On January 26, the compary sells 450 units 170 urits remain in ending inventory at January 31 Unit Cost Boginning inventory on January 1 4104.00 Purchase on January 9 Purthase on January 25 90 120 4.20 4.30 Required Asaume the perpetual invenbory system is used. Detarmine the costs assigred to ending inventery amounts to 2 decimal places) Perpetual LIFO units Coat per Cost of Coods sold Cost per Inventory il of Dabeunits un Sold January 1 410 400 1,84000 January 9 S 0.00 January 26 4201. $ 4.30- 4.00 400| | Totals

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