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Help finding January Sales cost per unit! All other information filled in is correct. Show work, please! QS 5-6 Periodic: Inventory costing with weighted average
Help finding January Sales cost per unit! All other information filled in is correct. Show work, please!
QS 5-6 Periodic: Inventory costing with weighted average LO P1 A company reports the following beginning Inventory and two purchases for the month of January. On January 26, the company sells 430 units. Ending Inventory at January 31 totals 170 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 399 90 120 Unit Cost $ 3.80 4.20 4.10 Required: Assume the periodic Inventory system is used. Determine the costs assigned to ending Inventory when costs are assigned based on the weighted average method. (Round per unit costs to 3 decimal places. Amounts to be deducted should be indicated with a minus sign.) Periodic Weighted Average Inventory on hand Cost of Goods Sold # of units Cost per unit Inventory Value # of units sold Cost per unit Cost of Goods Sold Beginning Inventory Purchase - January 9 Purchase - January 25 Available for Sale January Sales 390 90 120 600 (430) 170 $ $ $ $ 3.800S 4.000 4.100| 3.890 1.482 360 492 2,334 $ 0.000 430 430 Total $ 2.334 $ 0Step by Step Solution
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