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Chapters 5&6 0 Saved Help Save & Exit Submit A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 390 units. Ending inventory at January 31 totals 150 units. Units 350 Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Unit Cost $3.40 3.60 3.70 BO 110 22:26 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 Cost of Goods Sold Invertory, Balance the FIFO method, used. Determine the costs assigned to ending inventory when costs are assigned based on Perpetual FIFO: Goods purchased # of units Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Date Cost per Inventory Balance Cost per Inventory # of units unit Balance unit January 1 01:22:03 January 9 January 25 January 26 Proy 19 of 20 Next > 26 atv A MacBook Air Saved units unit sold unit Sold unit Balance January 1 January 9 January 25 January 26 Totals