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 340 units. Ending inventory at January 31 totals 140 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 310 Unit Cost $ 2.90 70 100 3.10 3.24 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.) Weighted average - Periodic Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods # of units Cost per unit Available for # of units sold Sale Average Cost per Unit Cost of Goods Sold # of units in ending inventory Average Cost per unit Ending Inventory Beginning inventory 310 $ 2.90 $ 899 Purchases: January 9 70 EA January 25 100 69 Total 480 69 69 3.10 217 $ 3.24 324 $ 3.00 $ 1,440 480 $ 3.00 $ 1,440.00 (340) $ 3.00 $(1,020.00)