Required information Use the following information for the Quick Studies below. (Algo) (5-7) [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 370 units. Ending inventory at January 31 totals 150 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Total Beginning Inventory Purchases: January 9 January 25 QS 5-5 (Algo) Periodic: Inventory costing with FIFO LO P1 Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. Note: Round your per unit costs to 2 decimal places. Cost of Goods Available for Sale Number of units 0 Cost per unit Units 330 80 110 $ $ Cost of Goods Number of Cost per Available for Sale units sold unit 0 Periodic FIFO 0 0 0 Unit Cost $ 3.20 3.40 3.50 Cost of Goods Sold 0 Cost of Goods Sold $ 0 Inventory Balance Number of units in ending inventory 0 Cost per unit Ending Inventory $ 0

Required information Use the following information for the Quick Studies below. (Algo) (5-7) [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 370 units. Ending inventory at January 31 totals 150 units. QS 5.5 (Algo) Periodic: Inventory costing with FIFO LO P1 Assume the periodic inventory'system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. Note: Round your per unit costs to 2 decimal places