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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 300 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 300 units Ending inventory at January 31 totals 130 units Beginning Inventory on January 1 Purchase on January 9 Purchase on January 25 Units 270 60 100 Unit Cost $2.50 2.70 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.) Date Weighted Average - Perpetual: Goods purchased #tor Cost units por unit January 1 January 60 19 $ 2.70 Cost of Goods Sold # of units Cost Cost of sold per Goods Sold unit Inventory Balance Cost of units Inventory per Balance unit 270 $ 2.50 $675.00 270 $ 2.50 $875.00 $ 270 60 330 162.00 $837.00 Average cost January 25 100 e $ 2.84 $ 284 1000 100 284.00 $234.00 e Average cost January 20 Total 2700 250 100 $ 2840 5204.00 5675.00 5675.00 $234.00

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