! Required information Use the following information for the Quick Study below. (Algo) (8-10) [The following information applies to the questions displayed below.] A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 410 units. Ending inventory at January 31 totals 150 units. Units Unit Cost Beginning inventory on January 1 Purchase on January 9 370 $ 3.60 80 3.80 Purchase on January 25 110 3.90 QS 6-8A (Algo) Periodic: Inventory costing with FIFO LO P3 Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. (Round your per unit costs to 2 decimal places.) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold # of units Cost per Cost of Goods Available for unit # of units sold Cost per unit Cost of Goods Sold Sale 370 $ 3.60 $ 1,332 Inventory Balance # of units in ending inventory Cost per unit Ending Inventory Beginning Inventory Purchases: January 9 80 3.80 304 January 25 110 3.90 429 110 3.90 429 Total 560 $ 2,065 0 $ 0 110 $ 429