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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 280 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 280 units Ending Inventory at January 31 totals 130 units. Units Unit Cost Beginning inventory on January 1 250 $2.30 Purchase on January 9 60 2.50 Purchase on January 25 100 2.64 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 - Perpetuat: Goods purchased Cost of Goods Sold Inventory Balance #of Date #of Cost per Cost per Cost of Goods Cost per units Inventory # of units unit Sold unit Balance January 1 250 @ $ 2.30 $575.00 January 9 unit units sold $ 0.00 Average cost January 25 Average cost January 26 Totals

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