Check my work mode : This shows what is correct or incorrect for the work you have 20! Return to question 2 QS 5-5 Perpetual: Inventory costing with LIFO LO P1 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. hits Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Unita 230 50 100 Unit Cost $2.00 2.20 2.34 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending Inventory when costs are designed based on LIFO. Answer is not complete. Perpetual LIFO: Goods purchased Cost Date of units unit January 1 Cost of Goods Sold of units Cost Cost of per sold unit Goods Sold Inventory Balance Cost of units per Inventory unit Balance 230 @ $ 2.00 $ 460 per 50 $ 2.00 $ 100 January $ 2.20 ele 230 $ 2.20 500 806 $ 100 $ 234 January 25 100 $ 2.340 500 230 0 S 2.34 - $ 220- $ 2.00 - 110 460 804 $ January 26 100 ml 50l 100 $ 2.00 $ 220 $ 234 $ 200 110 234 $ 544 $ 234 $ 2.20 $ 2.00 - 130 Olo 200 200 $ Tous