Required information Use the following information for the Quick Study 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 330 units. Ending inventory at January 31 totals 140 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 300 70 100 Goods purchased Unit Cost $ 2.80 3.00 3.14 QS 5-6 (Algo) Perpetual: Inventory costing with LIFO LO P1 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned ba the LIFO method. Perpetual LIFO: Cost of Goods Sold Inventory Balance

Required information Use the following information for the Quick Study 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 330 units. Ending inventory at January 31 totals 140 units. QS 5-6 (Algo) Perpetual: Inventory costing with LIFO LO P1 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned the LIFO method. Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned b the LIFO method