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A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sell 390 units. Ending inventory

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A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sell 390 units. Ending inventory at January 31 totals 150 units. Unit Cost $3.40 Units Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 350 80 3.60 110 3.70 Required: Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based o the weighted average method. (Round per unit costs to 3 decimal places. Amounts to be deducted should be indicated with a minus sign.) Periodic Weighted Average Inventory on hand Cost of Goods Sold # of units sold Cost of Cost per unit Inventory Value Cost per unit # of units Goods Sold Beginning Inventory Purchase - January 9 Purchase - January 25 Available for Sale January Sales Total

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