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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 260 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 260 units. Ending inventory at January 31 totals 120 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 230 Se 100 Unit Cost $ 2.10 2.30 2.44 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 # of Cost per Date units unit # of units sold Cost of Goods Sold Cost per Cost of Goods unit Sold Inventory Balance Cost per # of units Inventory unit Balance January 1 230 a $ 2.10 = $ 483 00 January 9 500 $ 230 230@ $ 2.10 = 50 a $ 230 $ 483.00 115.00 $ 598.00 280 Average cost January 25 100 $ 244 @ $ 2.44 Average cost January 26 Totals

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