unchUrl=https%253A%252F%252 **** ply: Connect Homework (due Day 7] Saved Help Save & Exit Checle A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 270 units. Ending inventory at January 31 totals 130 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 240 60 100 Unit Cost $ 2.20 2.40 2.54 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. Cost of Goods Sold Inventory Balance Perpetual FIFO: Goods purchased Date # of Cost per units unit # of units sold Cost per Cost of Goods unit Sold # of units Cost per Inventory Balance unit January 1 January 9 lannan 25