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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 430 units Ending inventory at January 31 totals 170 units. Beginning inventory on January 1 Purchase on January 9 Units 390 90 Unit Cost $3.80 Purchase on January 25 120 4.00 4.10 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.) Answer is not complete. Goods purchased Weighted Average Pernstual: Cost of Goods Sold Cost Date of units of units per unit sold Cost per unit Cost of Goods Sold # of units Inventory Balance Cost per unit Inventory Balance
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