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A company reports the following beginning wwentory and two purchases for the month of January. On jerary 70 cm 350 units Ending inventory of January

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A company reports the following beginning wwentory and two purchases for the month of January. On jerary 70 cm 350 units Ending inventory of January 31 totals 150 units Cost Beginning inventory on January 1 320 Purchase on January 3.20 Purchase on January 25 3.34 100 Required: Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when contenere the weighted average method (Round per unit costs to 2 decimal places. Amounts to be deducted should be indicated with minus sign.) Periodic Weighted Average Inventory on hand # of units Inventory unit Value Cost per Cost of Goods Sold of units Avg.Cost per Cost of sold unt Goods Sold 0 Beginning Inventory Purchase - January 9 Purchase - January 25 Available for Sale January Sales Total 0 0 0 0 $ 0

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