A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 430 units. Ending inventory on January 31 totals 170 units.                                                                            Units          Unit cost Beginning inventory on January 1                      390            $3.80 Purchase on January 9                                          90              4.00 Purchase on January 25                                       120             4.10 Required::::Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method.

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