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[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 410 units. Ending inventory at January 31 totals 150 units.

	Units	Unit Cost
Beginning inventory on January 1	370	$ 3.60
Purchase on January 9	80	3.80
Purchase on January 25	110	3.90

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.)

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 410 units. Ending inventory at January 31 totals 150 units. sume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based o weighted average method. (Round per unit costs to 2 decimal places.)