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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. Units Unit Cost Beginning inventory on January 1 320 $ 3.30 3.50 80 Purchase on January 91 Purchase on January 25 100 3.64 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.) Weighted Average - Perpetual: Goods purchased Cost of Goods Sold Inventory Balance Date # of units Cost per unit Cost per unit Cost of Goods Sold # of units Cost per unit Inventory Balance January 11 January 9 Average cost January 9 January 25 Average cost January 25 January 26 Total January 26 # of units sold

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