A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 450 units Ending inventory at January 31 totals 170 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 410 99 120 Unit Cost $ 4.00 4.20 4.30 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 Required information Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 29 units for $45 each Purchases on December 7 Purchases on December 14 Purchases on December 21 19 units $18.00 cost 35 units @ $27.00 cost 29 units @ $32.00 cost Required: Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory based on the FIFO method Perpetual FIFO: Goods Purchased Cost of Goods Sold Inventory Balance Date # of Units Cost Per Unit Goods Purchased # of Units Sold Cost Per Cost of Goods Unit Sold # of Units Cost Per Unit Inventory Balance 191 er $ 18.00 $ 342.00 19@ $ 18.00 $ 342 00 December 7 December 14 35 $ 27.00 $ 945.00 19 @ $ 18.00 = $ 342.00 35 @ $ 27.00 945.00 $1.287.00 December 15 191@ $ 18,00 $ 342.00 $ 27.00 = $ 27.00 = December 21 29 @ $ 32.00 S 928.00 $ 27.00 29 @ $ 32.00 Totals $ 928.00 $ 928.00 $ 342.00