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help please Che A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 350
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Che A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 350 units. Ending inventory at January 31 totals 150 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 320 80 100 Unit Cont $ 3.00 3.20 3.34 Assume the perpetual inventory system is used. Determine the costs assigned to endinni the weighted average mot 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.) Goods purchased Cost per #of unit unit Date Weighted Average Perpetual: Cost of Goods Sold #of Cost per Cost of Goods units unit Sold sold Inventory Balance B of units Cost per unit Inventory Balance January 1 320 at $ 3.00 $ 900.00 Boat $ 3.20 $ January 9 320 at $ 30 at $ 400 at 3.00 - 3.20 = 960.00 258.00 1.218.00 Average cost January 9 $ 100 at $ 3.34 at January 25 3.34 100 at 5 100 at 334.00 334.00 $ Average cost January 25 January 26 Total January 26 Step by Step Solution
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