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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

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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. Beginning inventory on January 1 Purchase on January 91 Units 290 Unit Cost $2.70 70 Purchase on January 25 100 2.90 3.04 QS 5-7 (Algo) Periodic: Inventory costing with weighted average LO P1 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.)

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