Use the following information for the Quick Study below. $($Algo$)(5-7)$

$[$The following information applies to the questions displayed below.$]$

A company reports the following beginning inventory and two purchases for the month of Janualry. On January $26,$ the company sells $270$ units. Ending inventory at January $31$ totals $130$ units.

$\backslash$table$[[$Beginning inventory. on January $1,$Units,Unit cost$],[$Purchase on January $9,240,$$$2\mathrm{.}20$