aces Required information 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 270 units. Ending inventory at January 31 totals 130 units Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units Unit Cost 240 $ 2.20 60 2.40 100 2.54 QS 5-9A (Algo) Periodic: Inventory costing with LIFO LO P3 Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. (Round your per unit costs to 2 decimal places.) Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Inventory. Balance # of units Cost per unit Cost of Goods of units Available for sold Cost per unit Cest of Goods Sold of units Sale In ending Inventory Cost per unit Ending Inventory Beginning Inventory 240 $ 2.20 $ 526 110 $ 2.20 $ 242 Purchases: January 9 60 2.40 144 60 2.40 1441 January 25 100 2.54 254 Total 400 $ 926 G 2.54 254 $ 640 0 $ Prev 7 R of 16 Next