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 Purchase on January 25 Units 240 60 100 Unit Cost $ 2.20 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 3 decimal places. Amounts to be deducted should be indicated with a minus sign.) Periodic Weighted Average Inventory on hand Cost of Goods Sold Cost per # of units Inventory Value # of units sold Avg. Cost per unit Cost of Goods Sold unit 240 $ 2.200 $ 528 60 $ 2.400 144 Beginning Inventory Purchase - January 9 Purchase - January 25 Available for Sale 100 $ 2.540 254 400 926 January Sales 0 Total 400/ $ 926 0 $ 0