Connect Chp 6 Inventory Valuation, Errors, and Analysis Seved Help Save & Exit Submit Check my work 1 A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 410 units. Ending Inventory at January 31 totals 150 units. 12.5 points Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units Unit Cost 370 $ 3.60 80 3.80 110 3.90 Book Hint 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.) Print References Weighted Average - Perpetual Goods purchased # of Date Cost per units unit Cost of Goods Sold of Cost per Cost of Goods units unit Sold sold Inventory Balance Cost per Inventory # of units unit Balance January 1 370 @ $ 3.60 = $1,332.00 January 9 80G $ 3.80 370 $ 3.60 80 $ 3.80 - 450 a $ 3.64 Average cost $1,332.00 304.00 $1,636.00 $1,638.00 429.00 $2,067.00 January 25 110 @ $ 3.90 $ 3.64 - $ 3.90 - 560 a $3.69 4501 1101 Average cost January 26 Total 410 @ $ 5.04 1501 $2,066.40 $2,066.40 ME Graw Proy 1 of 8 Next >