Question: Please help, I am not a 100% sure if everything is correct and if it needs more data filled. A company reports the following beginning

Please help, I am not a 100% sure if everything is correct and if it needs more data filled.

A company reports the following beginning inventory and purchases for the month of January. On January 26, the company sells 300 units. 130 units remain in ending inventory at January 31.

Units Unit Cost
Beginning inventory on January 1 270 $ 2.50
Purchase on January 9 60 2.70
Purchase on January 25 100 2.84

Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. (Round your per unit costs to 2 decimal places.)

Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Inventory Balance
# of units Cost per unit Cost of Goods Available for Sale # of units sold Cost per unit Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory
Beg. Inventory 270 $2.50 $675 270 $2.50 $675 130 $2.50 $325
Purchases:
January 9 60 2.70 162 30 2.70 81
January 25 100 2.84 284 184 2.84 523
Total 430 $1,121 484 $1,279 130 $325

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