QS 6-9A Periodic: Inventory costing with weighted average LO P3

A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 260 units. Ending inventory at January 31 totals 120 units.

	Units	Unit Cost
Beginning inventory on January 1	230	$	2.10
Purchase on January 9	50		2.30
Purchase on January 25	100		2.44

Required: Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round per unit costs to 3 decimal places. Amounts to be deducted should be indicated with a minus sign.)