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company reports the following beginning inventory and two purchases for the month of January. On January 26, the ompany sells 310 units. Ending inventory at
company reports the following beginning inventory and two purchases for the month of January. On January 26, the ompany sells 310 units. Ending inventory at January 31 totals 130 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 280 60 100 Unit Cost $ 2.60 2.80 2.94 Required: Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are ssigned based on the weighted average method. (Round per unit costs to 3 decimal places. Amounts to be deducted hould be indicated with a minus sign.) Periodic Weighted Average Inventory on hand Cost of Goods Sold Cost per Cost of # of units Inventory Value # of units sold unit Cost per unit Goods Sold $ 0 0 Beginning Inventory Purchase - January 9 Purchase - January 25 Available for Sale 0 0 January Sales Total 0 $ 0 0 $ 0
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