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. Unita Unit Cost Beginning inventory on January 11 400 $ 3.90 Purchase on January 9 98 4.10 Purchase on January 25 120 4.20 QS 5-5 (Algo) Perpetual: Inventory costing with FIFO LO P1 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending Inventory when costs are assigned based on the FIFO method Goods purchased Perpetual FIFO Cost of Goods Sold #of Date Cost per of units units unit Cost per Cost of Goods Sold unit # of units Inventory Balance Cost per unit Inventory Balance sold anuary Outpery here to seal on K Pres 0.00 G P Next > 2 Part 1 of 3 4.28 points Skipped Required information Required: Assume the perpetual Inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. Goods purchased Perpetual FIFO Cost of Goods Sold) Inventory Balance Date # of units Cost per unit # of units Cost per Cost of Goods unit Sold of units Cost per unit Inventory Balance sold eBook 9 Hint January 1 January 9 Total January 9 January 25 Total January 25 References January 26 Total January 28 Mc Graw Hut Type here to search 0.00 < Prev 234 of 7 Next >> art 2 of 3 Assume the perpetual Inventory system is used. Determine the costs assigned to ending Inventory when costs are assigned based c the LIFO method. 28 points Perpetual LIFO Goods purchased Cost of Goods Sold Inventory Balance Skipped Date # of units Cost per #of units unit sold Cost per unit Cost of Goods Sold of units Cost per unit Inventory Balance January 11 Book January 9 Prim Total January 9 January 25 Total January 25 References January 20 Total January 20 $ Mc Graw Hill < Prev 34 of 7 Next > Type here to search O of a Spped Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 400 120 $ 3.90 4.10 4.20 QS 5-7 (Algo) Perpetual: Inventory costing with weighted average LO P1 Assume the perpetual Inventory system is used. Determine the costs assigned to ending Inventory when costs are assigned based on the weighted average method. (Round your per unit costs to 2 decimal places.) Weighted Average Perpetual Goods purchased Cost of Goods Sold Inventory Balance Date #of units Cost per unit #of units sold Cost per unit Cost of Goods Sold # of units Cost per unit Inventory Balance Book January 1 January 9 D Mc Graw Average cost January 9 January 25 Average cost January 251 January 20 Total January 26 Type here to search Next > Prev 0.00