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A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 380 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 sells 380 units. Ending inventory at January 31 totals 150 units Units Unit cost Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 340 3.30 3.50 3.60 80 110 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 3 decimal places. Amounts to be deducted should be indicated with a minus sign.) Periodic Weighted Average Inventory on hand Cost of Goods Sold Cost per unit Inventory | # of units # of units sold Cost per unit Cost of Value Goods Sold Beginning Invenitory Purchase January 9 Purchase - January 25 Available for Sale January Sales Total

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