QS 5-6 Perpetual: Inventory costing with weighted average LO P1 A company reports the following beginning inventory and purchases for the month of January. On January 26, the company sells 420 units. 170 units remain in ending inventory at January 31 Units Unit Cost Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 380 $ 3.70 3.90 4.00 90 120 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory whern 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 #of units #of Cost per units Cost per Cost of Goods Cost perInventory Balance Date # of units unit unit Sold unit January1 380|@| $ 3.70!=| $1.406.00 January 9 Average cost January 25 Average cost January 26 Totals