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Quiz Saved Hel ! Required information [The following information applies to the questions displayed below.) A company reports the following beginning inventory and two purchases

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Quiz Saved Hel ! Required information [The following information applies to the questions displayed below.) 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. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 320 80 100 Unit Cost $ 3.00 3.20 3.34 Required: Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. Periodic FIFO Cost of Goods Sold Cost of Goods Available for Sale # of Cost per Cost of Goods units unit Available for Sale $ 0 # of units sold Cost per Cost of Inventory Balance # of units Cost per Ending unit Inventory Inventory unit Goods Sold in onding Beg. Inventory Purchases: January 9 January 25 Total OOO $ 0 $ 0 0 $ 0 Ruiz Saved He Required Information The following information applies to the questions displayed below.) 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. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 320 80 100 Unit Cont $ 3.00 3.20 3.34 Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. Periodic LIFO Cost of Goods Available for Sale # of Cost of Goods Cost per units unit Available for Sale $ 0 Cost of Goods Sold # of units Cost of sold unit Goods Sold Cost per Inventory Balance # of units Cost per in ending Ending Inventory unit Inventory Beg. Inventory Purchases: January 9 January 25 Total 0 0 0 $ 0 0 S 0 $ 0 Required information [The following information applies to the questions displayed below.) 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 Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 320 80 100 Unit Cont $ 3.00 3.20 3.34 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 2 decimal places. Amounts to be deducted should be indicated with a minus sign.) Periodic Weighted Average Inventory on hand Cost of Goods Sold # of units Avg. Cost per Cost of sold unit Goods Sold # of units Cost per unit Inventory Value $ 0 0 0 Beginning Inventory Purchase. January 9 Purchase. January 25 Available for Sale January Sales Total 0 S 0 0 S 0

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