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Help Save Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 440 units Ending inventory at January 31 totals 170 units. points Units 400 90 120 Unit Cost $3.90 Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 4.20 Required: Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method Answer is not complete. Periodic LIFO Cost of Goods Sold Inventory Balance Cost of Goods Available for Sale Cost of of Cost Goods units per unit Avable for Sale 400 $ 3,90 $ 1,560 of units Cost Ending Inventory per unit per unit Cost of Goods Sold $ 468 of units in ending inventory 400 120 $ 3.90 $ 3.90 $ 1.560 Beg, Inventory Purchases: January 9 January 25 Total 378 420 378 4.20 378 90 4.20 1200 610 $ 90 230 440 90 120 610 1,938 $ 846 $ 1,938 Prev 3 of 4 Next >