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Required information A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 400 units

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Required information A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 400 units Ending inventory at January 31 totals 230 units Part 1 of 2 Units Unit Cost Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Skipped Required: Assume the perpetual inventory system is used and then determine the costs assigned to ending inventory when costs are assigned based on the FIFO method chased Inventory Balance Perpetual FIFO: Goods of Date units Cost per Cost of Goods Sold Cost per cost of Goods Sold Cost per inventory January 1 January Required information A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 400 units Ending inventory at January 31 totals 230 units. Part 22 Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 240 Unit Cost 192 15 21e points Skipped Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO. Perpetual LIFO: Goods purchased of Cost per units unit Cost of Goods Sold Inventory Balance Date of Cost per Cost of Goods units unit Cost per unit inventory Balance January 1 January January 25 A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 410 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 points Sapped 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 unit costs to 2 decimal places.) Weighted Average - Perpetual: Goods purchased Inventory Balance Cost per Inventory Cost of Goods Sold of Cost per Cost of Goods units unit Cost per unit Date units January 1 370 @ $ 3.60 = $1,33200 January 9 Average cost January 25 Average cost January 26

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