QS 5-6 Perpetual: 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 390 90 120 Unit Cost $ 3.80 4.00 4.10 Required: 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: Goods purchased Cost of Goods Sold Inventory Balance Cost per Date Cost per # of units # of units sold Cost per Cost of Goods unit Sold # of units Inventory Balance unit unit January 1 390 @ $ 3.80 = $1,482.00 January 9 90 @ Average cost $ 0.00 January 25 Average cost January 26 Totals