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4 QS 5-6 Periodic: Inventory costing with weighted average LO P1 A company reports the following beginning inventory and two purchases for the month of

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4 QS 5-6 Periodic: Inventory costing with weighted average LO P1 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. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 320 80 Unit Cost $ 3.ee 3.2e 3.34 Book 100 Required: Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round per unit costs to 2 decimal places. Amounts to be deducted should be indicated with a minus sign) Periodic Weighted Average Inventory on hand Cost of Goods Sold rences # of units Cost per unit Inventory Value # of units sold Cost per unit Cost of Goods Sold Beginning Inventory Purchase - January 9 Purchase - January 25 Available for Sale January Sales Total Activate Window Go to Settings to activ

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