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 January. On January $26,$ the company sells $380$ units. Ending inventory at January $31$ totals $150$ units.

$\backslash$table$[[,$Units,Unit Cost$],[$Beginning inventory on January $1,340,$$$3\mathrm{.}30$