Required information Use the following information for the Quick Study below. (Static) (5-7) Skip to question [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 $ 3.00 Purchase on January 9 80 3.20 Purchase on January 25 100 3.34 QS 6-7 (Static) Perpetual: Inventory costing with weighted average LO P1 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.)

Required information Use the following information for the Quick Study below. (Static) (5-7) (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. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 320 80 100 Unit Cost $ 3.00 3.20 3.34 QS 6-7 (Static) Perpetual: Inventory costing with weighted average LO P1 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.) Goods purchased Inventory Balance Weighted Average - Perpetual: Cost of Goods Sold # of Cost per Cost of Goods units unit Sold sold Date Cost per # of units unit # of units Cost per unit Inventory Balance January 1 January 9 Average cost January 9 $ 0.00 January 25 Average cost January 25 January 26 Total January 26