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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 290 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 290 units. Ending inventory at January 31 totals 130 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 260 60 100 Unit Cost $ 2.40 2.60 2.74 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 Date units unit Cost per Cost of Goods Sold # of units Cost per Cost of unit sold Goods Sold Inventory Balance # of units Inventory unit Balance Cost per January 1 260 $ 2.40 = $ 624.00 January 9

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