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Required information [The following information applies to the questions displayed below] A company reports the following beginning inventory and two purchases for the month
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 380 units. Ending inventory at January 31 totals 150 units Units Beginning inventory on January 11 Purchase on January 9 Purchase on January 25 340 80 110 Unit Cost $3.30 3.50 3.60 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned base the weighted average method. (Round your per unit costs to 2 decimal places.) Weighted Average Perpetual: Cost of Goods Sold Goods purchased # of Date # of units Cost per unit units Cost per unit sold Inventory Balance Cost of Goods Sold of units Cost per unit Inventory Balance January 1 January 9 Average cost January 9 January 25 Average cost January 25 January 26 Total January 26
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