Required information Use the following information for the Quick Study below. (Algo) [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 260 units. Ending inventory at January 31 totals 120 units. Units Unit Cost Beginning inventory on January 1 Purchase on January 9 230 $2.10 50 2.30 Purchase on January 25 100 2.44 QS 5-7 (Algo) Periodic: Inventory costing with weighted average LO P1 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.) Answer is not complete. Periodic Weighted Average Inventory on hand Cost of Goods Sold # of units Cost per unit Inventory Value # of units sold Avg. Cost per unit Cost of Goods Sold Beginning Inventory 230 $ 2.100 $ 483 Purchase - January 9 50 $ 2.300 115 Purchase - January 25 100 $ 2.440 244 Available for Sale 380 $ 2.216 842 January Sales 260 0 260 Total 640 $ 842 260 0