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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 410 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 410 units. Ending Inventory at January 31 totals 150 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units Unit Cost 370 $ 3.60 80 3.80 110 3.90 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 Date of Cost per units unit January 1 Cost of Goods Sold of Cost per Cost of Goods units sold Sold Cost per unit Inventory Balance # of units Inventory unit Balance 370 @ $ 3.60 $1,33200 January 9 800 $ 3.80 $ 3.60 @ $ 3.80 Average cost $ 0.00 January 25 110 @ $ 3.90 $ 3.90 Average cost 150 January 26 Totals

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