Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 350 80 110 Unit Cost $3.40 3.60 3.70 Required: Assume the perpetual Inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method Perpetual FIFO Goods purchased Inventory Balance Date # of units Cost of Goods Sold # of units Cost per Cost of Goods sold unit Cost per Cost per unit Sold #of units Inventory Balance unit January 1 January 9 January 25 January 26 Totals