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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
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 Units Unit Cost Beginning inventory on January 1 Purchase on January Turchase on January 25 100 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.) Cost of Goods Sold Inventory Balance Weighted Average - Perpetual Goods purchased of Cost per units unit Cost per cost per Cost of Goods units of units Cost per unit inventory Balance sold January 1 290 $ 270 = 78300 January 9 S 290 $ $ 2.70 - 200 8 Average con January 25
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