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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.

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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 350 units. Ending inventory at January 31 totals 150 units. Units Unit Cost Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 3.0e 328 88 3.20 10e 3.34 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 decimel places.) Weighted Average - Perpetual: Cost of Goods Sold Goods purchased Inventory Balance # of Cost of Goods Sold Cost per of Cost per unit Cost per Inventory Balance units sold Date #of units units unit unit 320@ January 1 3.00 S 960.00 January 0.00 Average cost January 25 Average cost January 26 Totals

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