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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 360 units. Ending inventory at January 31 totals 130 units Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Unita 320 70 100 Unit Cost $ 3.10 3.30 3.40 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.) Inventory Balance Goods purchased Weighted Average - Perpetual Cost of Goods Sold # of Cost of Goods units unit Sold sold Cost per # of units Cost per unit Inventory Balance Cost per Date # of units unit January 1 Inventary Balance Date Goods purchased Cost per # of units unit Weighted Average Perpetual Cost of Goods Sold # of Cost per units Cost of Goods unit Sold sold of unita 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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