QS 6-9A Periodic: Inventory costing with weighted average LO P3 2 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 total 120 units. Beginning inventory on January 1 Purchase on January Purchase on January 25 hits 230 50 100 Unit Cost $ 2.10 2.30 2.44 11050 Required: Assume the periodic Inventory system is used. Determine the costs assigned to ending twentory 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) Periodic Weighted Average Inventory on hand Cost per of units Inventory unit Value Cost of Goods Sold of units Avg Cost per Cost of sold unit Goods Sold 483 23015 50 s 100 s 380 2100 5 2300 2440 Beginning inventory Purchase January Purchase January 25 Available for Sale January Sales Total 115 244 142 . 380 842 0 $