mework Saved Help Save & Exit Submit Check my work QS 5-4 Perpetual: Inventory costing with FIFO LO P1 A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 380 units. Ending inventory at January 31 totals 150 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Unita 340 BO 110 Unit Cost $ 3.30 3.50 3.60 K + Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. nt Perpetual FIFO: Goods purchased Cost of Goods Sold ences Inventory Balance Cost per Inventory of units unit Balance Date #of units # of units sold Cost per unit Cost per Cost of Goods unit Sold January 1 January 9 January 25 January 26 Totals