Hulps./e2.neducation.com/ext/map/index.html?con con external browser claunchUrl=https%253A%252F%252Fnewconne... TER PW-05 Seved Help Save & Exit Submit Check my work 2 QS 5-4 Periodic: Inventory costing with FIFO LO P1 1 A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 350 units. Ending inventory at January 31 totals 150 units. points Units 320 Unit Cost Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 3.20 3.34 eBook 100 Required: Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method Print Periodic FIFO Cost of Goods Sold Cost of Goods Available for Sale Cost of Goods Cost per #of Available for units unit Sale 3205 3.00 960 Inventory Balance #of units in ending Cost per Ending unit Inventory inventory # of units sold Cost per unit Cost of Goods Sold References $ Beg. Inventory Purchases: January 9 January 25 Total 80 256 3.20 3.34 334 100 500 $ 1.550 $ 0 $ 0 Activate Windows Go to Settings to activate Windows Mc Grow 1257 PM 09 II O E Type here to search