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O Required information Use the following information for the Quick Study below. (Algo) (5-7) (The following information applies to the questions displayed below.) A company
O Required information Use the following information for the Quick Study below. (Algo) (5-7) (The following information applies to the questions displayed below.) A company reports the following beginning inventory and two purchases for the month of January, On January 26, the company sells 270 units. Ending inventory at January 31 totals 130 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 240 60 100 Unit Cost $ 2.20 2.40 2.54 QS 6-7 (Algo) 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.) Weighted Average - Perpetual Cost of Goods Sold Cost per unit inventory Balance Inventory Balance Dato Goods purchased # of units Cost per unit # of units sold Cost per Cost of Goods Sold unit # of units January 1 January 9 Average cost January 9 January 25 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 Date Weighted Average.. Perpetual: Cost of Goods Sold #of units Cost of Goods unit sold Sold Goods purchased Cost per #of units unit Cost per # of units Cost per unit Inventory Balance January 1 January 9 Average cost January 9 January 25 Average cost January 25 January 26 Total January 26
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