[The following information applies to the questions displayed below.] A company reports the following beginning inventory...

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[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 340 units. Ending inventory at January 31 totals 140 units. Beginning inventory on January 1 Units 310 Unit Cost $ 2.90 Purchase on January 9 70 3.10 Purchase on January 25 100 3.24 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 Inventory Balance Date # of units Cost per # of units unit sold Cost per Cost of Goods unit Sold # of units Cost per unit Inventory Balance January 1 310 at $ 2.90 = $ 899 70 January 9 Total January 9 January 25 Total January 25 January 26 Total January 26 = $ 0 [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 340 units. Ending inventory at January 31 totals 140 units. Beginning inventory on January 1 Units 310 Unit Cost $ 2.90 Purchase on January 9 70 3.10 Purchase on January 25 100 3.24 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 Inventory Balance Date # of units Cost per # of units unit sold Cost per Cost of Goods unit Sold # of units Cost per unit Inventory Balance January 1 310 at $ 2.90 = $ 899 70 January 9 Total January 9 January 25 Total January 25 January 26 Total January 26 = $ 0