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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

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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 of January. On January 26, the company sells 270 units. Ending inventory at January 31 totals 130 units. Beginning inventory on January 1 Purchase on January 9 Units 240 Unit Cost $ 2.20 Purchase on January 25 60 100 2.40 2.54 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 Cost of Goods # of units Cost per unit Available for # of units sold Average Cost per Unit Goods Sold Cost of Sale # of units in ending inventory Ending Inventory Average Cost per unit Ending Inventory Beginning inventory Purchases: January 9 January 25 Total EA $ 0 $ 0.00 $ 0.00

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