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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 320 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 320 units. Ending inventory at January 31 totals 140 units. Units 290 7e Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 7 Unit Cost $ 2.70 2.90 3.04 leo 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 Weishud Average Inventory on hand # of units Inventory unit Cost of Goods Sold Avg.Cost per Cost of unit Goods Sold Cost per # of units sold Value $ 0 0 Beginning intory Purchase January 9 Purchase - January 25 Available for Sale January Sales Total $ 0 $ 0

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