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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 350 units. Ending

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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 350 units. Ending inventory at January 31 totals 150 units. Units Unit Cost Beginning inventory on January 1 320 $ 4.30 Purchase on January 9 Purchase on January 25 80 100 4.50 4.64 QS 5-7 (Algo) Perpetual: Inventory costing with weighted average LO P1 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on he weighted average method. (Round your per unit costs to 2 decimal places.) Weighted Average-Perpetual: Cost of Goods Sold Goods purchased Date of units Cost per unit #of units sold Cost per unit Inventory Balance Cost of Goods Sold of units Cost per unit Inventory Balance January 1 January 9 Average cost January 9 January 25 Average cost January 25 January 26 Total January 26 $ 0.00

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