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Accounting

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Required information Use the following information for the Quick Studies 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 400 units. Ending inventory at January 31 totals 150 units. 55 5-6 (Algo) Periodic: Inventory costing with LIFO LO P1 Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on he LIFO method. Note: Round your per unit costs to 2 decimal places. QS 5.6 (Algo) Periodic: Inventory costing with LIFO LO P1 Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. Note: Round your per unit costs to 2 decimal places

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