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Could you do both parts please :) A company reports the following beginning inventory and two purchases for the month of January. On January 26,
Could you do both parts please :)
A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 280 units. Ending inventory at January 31 totals 130 units Units Unit Cost Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 250 60 100 $ 2.30 2.50 2.64 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.) Weighted Average Perpetual: Goods purchase ost of Goods Sold Inventory Balang #of Cost per Cost per Cost of Goods | ost per Inventory unit 0 Date # of units units unit Sold Balance sold January 1 250 2.30575.00 January 9 Average cost January 25 Average cost January 26 TotalsStep by Step Solution
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