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 450 units. Ending inventory at January 31 totals 170 units. Units Unit Cost Beginning inventory on January 1 410 $ 4.00 Purchase on January 9 90 4.20 Purchase on January 25 120 4.30 QS 6-6 (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 based on the LIFO method Perpetual LIFO Goods purchased Cost of Goods Sold Hof units Cost per #of units Cost per Cost of Goods unit sold unit Sold Date Inventory Balance Cost per Inventory # of units unit Balance January 1 January 9 Total January 9 QS 6-6 (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 based on the LIFO method Perpetual LIFO Goods purchased Cost of Goods Sold # of units Cost per #of units Cost per Cost of Goods unit sold unit Sold Date Inventory Balance Cost per Inventory # of units unit Balance January 1 January Total January January 25 Total January 25 January 26 Total January 26