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Tech Openl. IN2.cengagenow.com/km/takeAssignment/ jage Learning Chp. 7 Homework Alternative Inventory Methods eBook Calculator Pring Frate Company was formed on December 1, 2018, and uses the periodic inventory system. Units Unit Cost 2,500 $8.00 January 1, 2019 (beginning inventory) Purchases: January 6, 2019 January 25, 2019 February 17, 2019 March 27, 2019 3,200 9.00 2,900 9.50 2,300 10.00 2,600 10.50 A physical inventory on March 31, 2019, shows 5,000 units on hand. Required: Prepare schedules to compute the ending inventory at March 31, 2019, under each of the fe Tech OpenL... signment/take Assignment Main.do Chp. 7 Homework eBook Calculator Print Item 3. Weighted average FRATE COMPANY Computation of Inventory Under Weighted Average Inventory Method March 31, 2019 Units Unit cost Total cost Beginning inventory 2,500 y $8.00 20,000 January 6, 2019 3,200 9.00 28,800 January 25, 2019 2,900 9.50 27,550 February 17, 2019 2,300 10.00 23,000 March 27, 2019 2,600 10.50 27,300 13,500 126,650 Total 9.38 Weighted average cost March 31, 2019 inventory Feedback V Check Ivy Work Under the average cost flow assumption, the cost of ending inventory and cost of goods sold is based on the an verane cost method is known as the weighted average method. Under this method, the weighted