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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 450 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 450 units. Ending inventory at January 31 totals 395 units Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 425 220 Unit Cost $ 4.00 5.00 2.50 200 # of Date # of units Cost per unit Cost per Cost of Goods Sold # of units Cost per unit Inventory Balance unit sold January 1 January 9 $ 0.00 January 25 January 26 Totals

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