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 440 units. Ending inventory at January 31 totals 170 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units Unit Cont 400 $ 3.90 90 4.10 120 4.20 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. Goods purchased Perpetual LIFO Cost of Goods Sold Date # of units Cost per # of units unit sold Cost per unit Cost of Goods Sold # of units Inventory Balanc Cost per unit + Inventory Balance January 1 January 9 Total January 9 January 25 Total January 25 January 26 Total January 26 $ 0