QS 6-6 Perpetual: Inventory costing with weighted average LO P1 January. On January 26, the company sells A company reports the following beginning inventory and two purchases for the month of 390 units. Ending inventory at January 31 totals 150 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 350 80 118 3.48 3.60 3.70 Required: Assume the weighted average method. (Round your per unit costs to 2 decimal places.) the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on Weighted Average Perpetual: Cost of Goods Sold Cost per Cost of Goods #of Date units |cost per unit Inventory Balance # of units Sold January 1 350 340 $1.190 00 January 9 January 25 Average cost 26 Totals