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Need the answers were the blanks are company sells 350 units Ending Inventory at January 31 totals 150 units Beginning inventory on January 1 Purchase
Need the answers were the blanks are
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 Cost $ 3.00 3.20 3.34 QS 6-7 (Static) Perpetual: Inventory costing with weighted average LO P1 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.) Inventory Balance Goods purchased Welghted Average-Perpetual Cost of Goods Sold W of Cost of Goods Cost per units unit Sold sold Date of units Cost per unit Inventory Balance # of units Cost per unit 320 s 3.00 $ 960.00 January 1 $ 80 at $ 3.20 320 at $ 80 at $ 400 at 3.00 3.20 = 950.00 256.00 1,216.00 January 9 Average cost January 9 $ at 100) at $ 3.34 at $ 3.34 January 25 at Average cost January 25 January 26 Total January 26 Step by Step Solution
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