A company reports the following sales-related information. 8 Sales, gross Sales discounts $ 295,000 Sales returns and allowances 5,900 Sales salaries expense $ 22,000 11,900 3 01:42:37 Prepare the net sales portion only of this company's multiple-step income statement. Multiple-Step Income Statement (Partial) Net sales 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 Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 290 70 100 Unit Cost $ 2.70 2.90 3.04 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.) Inventory Balance Weighted Average - Perpetual: Goods purchased #of Date unit January 1 + #of Cost per Cost of Goods Sold Cost per Cost of Goods Sold Cost per Hof units units Inventory Balance sold 290 @ $ 2.70 = $ 783.00 January 9 Average cost $ 0.00 January 25