QS 6-6 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 420 units. Ending Inventory at January 31 totals 170 units. Beginning Inventory on January 1 Purchase on January 9 Purchase on January 25 Unita 380 90 Unit Cost 93.70 3.90 4.00 120 - 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 Good purchased Date Cost per unit Contot Goods Sold w of unito Cost per Cost of Goods sold unit Sold Inventory Balance Cost per of units Inventory unit Balance 3001 $ 3.70 $1,400.00 January 1 January 90$ 3.00 3801 $370- $1,406.00 Weighted Average - Perpetual: Goods purchased Cost of Goods Sold Date Cost per # of units #of units sold Inventory Balance Cost per Inventory # of units unit Balance unit Cost per Cost of Goods unit Sold January 1 380 @ $ 3.70 = $1,406.00 January 9 90 $ 3.90 380 @ $ 3.70 = 90@ $ 3.90 = $1,406.00 351.00 $1,757.00 470 @ Average cost January 25 $ 120 @ $ 4.00 @ 120 @ $ 4.00 - 480.00 $ 480.00 Average cost 120 420 @ January 26 Totals