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A company reports the allowing beginning inventory and two purchases for the month of January, On January 26, the company sells 350 units. Ending inventory

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A company reports the allowing 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 Unit Cost. 320 $ 3.00 80 3.20 100 3.34 Required: 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: Goods purchased # of Cost per Date units unit Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold January 1 Inventory Balance # of units Cost per Inventory unit Balance 320 @ $ 3.00 $ 960.00 320 @ $ 3,00 $ 960.00 801 $ 3,20 256.00 $1,216.00 January 9 $ 3.20 400 G Average cost January 25 1001 $ 3.34 3201 80 $ 3.34 = 267 20 $ 267,20 400 Average cost January 26 Totals

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