Answer is not complete.

Check my work mode: This shows what is correct or incorrect for the work you have completed

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 $400$ units. Ending inventory at January $31$ totals $150$ units.

$\backslash$table$[[,$Units,Unit cost$],[$Beginning inventory on January $1,360,$$ $3\mathrm{.}50],[$Purchase on January $9,80,3\mathrm{.}70],[$Purchase on January $25,110,3\mathrm{.}80]]$

QS $6-6($Algo$)$ Perpetual: Inventory costing with LIFO LO P$1$

Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method.

$\backslash$table$[[$Perpetual LIFO:$],[,$Goods purchased,Cost of Goods Sold,Inventory Balance$],[$Date$,$# of units,Cost per unit,# of units sold,Cost per unit,Cost of Goods Sold,# of units,Cost per unit,Inventory Balance$],[$January $1,,,,,,360$ e$,$B $,3\mathrm{.}50,|$$ $1,260]]$

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 $400$ units. Ending inventory at January $31$ totals $150$ units.

$\backslash$table$[[,$Units,Unit cost$],[$Beginning inventory on January $1,360,$$$3\mathrm{.}50$