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2 6 Part 3 of 3 Required information [The following information applies to the questions displayed below.) A company reports the following beginning inventory
2 6 Part 3 of 3 Required information [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 350 units. Ending inventory at January 31 totals 150 units. points) eBook 10 Beginning inventory on January 1 Purchase on January Purchase on January 25 Units 320 Unit Cost $ 3.00 80 100 1.20 3.34 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round your per unit costs to 2 decimal places.) Weighted Average-Perpetual: January 1 January 9 Goods purchased Cost of Goods Sold Inventory Balance Date of Cost per # of units units unit Cost per Cost of Goods unit Sold of units Cost per unit Inventory Balance) sold Average cost January 9 January 25 Average cost January 25 January 261 Total January 26 0.00
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