Use the following information for the Quick Study below. (Algo) (8-10) [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 250 units. Ending inventory at January 31 totals 130 units. Beginning inventory on January 1 Purchase on January 9 Units 230 Unit Cost $ 2.00 50 2.20 Purchase on January 25 100 2.34 QS 5-8A (Algo) Periodic: Inventory costing with FIFO LO P3 Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. (Round your per unit costs to 2 decimal places.) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Inventory Balance # of units Cost per unit Cost of Goods Available for Sale # of units sold Cost per unit Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory Beginning Inventory 230 $ 2.00 $ 460 230 $ 2.00 $ 460 230 Purchases: January 9 50 2.20 110 25 2.20 55 25 $ 2.20 $ 55 January 25 100 2.34 234 100 2.34 234 Total 380 $ 804 255 $ 515 355 $ 289