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Required information Use the following information for the Quick Study below. (Algo) (8-10) [The following information applies to the questions displayed below.] A company
Required information Use the following information for the Quick Study below. (Algo) (8-10) [The following information applies to the questions displayed below.] A company reports the following beginning invertory and two purchases for the month of January. On January 26, the company seils 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 60 Purchase on January 25 100 2.40 2.54 S 5-10A (Algo) Periodic: Inventory costing with weighted average LO P3 ssume the periodic inventory system is used. Determine the costs assigned to ending Inventory when costs are assigned based on me weighted average method. (Round per unit costs to 2 decimal places.) Weighted average-Periodic Goods Available for Sale # of units Cost per unit Cost of Goods Available for Sale # of units sold Beginning inventory Cost of Goods Sold Average Cost per Unit Cost of Goods Sold # of units in ending ventory Ending Inventory Average Cost per unit Ending Inventory Purchases: January 9 January 251 Total- 0 $ 0.00 $ 0.00
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