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QS 5-6 Perpetuel: Inventory costing with welghted average LO P1 A company reports the following beginning Inventory and two purchases for the month of January.
QS 5-6 Perpetuel: Inventory costing with welghted average LO P1 A company reports the following beginning Inventory and two purchases for the month of January. On January 26, the company sells 250 units. Ending inventory at January 31 totals 130 units Unit Cost Units Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 230 $2.00 2.20 2.34 50 100 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 unlt costs to 2 decimal places.) Cost of Goods Sold #of #of Cost per units unit Goods Cost per Cost of Cost per Inventory ! #Of units 230 Date unit sold unit Goods Sold 200480.00 January 9 5 0.00 Average cost January 25 Average cost January 26 Totals
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