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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

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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 350 units. Ending inventory at January 31 totals 150 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 320 80 100 Unit Cost $ 3.99 3.29 3.34 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.) Goods purchased Weighted Average - Perpetual: Cost of Goods Sold # of units Cost per Cost of Goods unit Sold Inventory Balance Date # of units Cost per unit # of units sold Cost per unit Inventory Balance January 1 January 9 Average cost January 9 January 25 Average cost January 25 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.) Goods purchased Inventory Balance Date Weighted Average - Perpetual: Cost of Goods Sold # of units Cost of Goods sold unit Sold # of units Cost per Cost per unit # 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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