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Required Informatlon A company reports the following beginning Inventory and two purchases for the month of January. On January 26, the company sells 460 units.
Required Informatlon A company reports the following beginning Inventory and two purchases for the month of January. On January 26, the company sells 460 units. Ending Inventory at January 31 totals 190 units Units Unit Cost Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 450 100 100 $ 2.00 3.00 4.00 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 unlt costs to 2 declmal places.) Weighted Average - Perpetual: Goods purchase Cost of Goods Sold Inventory Balance #of units #of Cost per units Cost per Cost of Goods Cost per Inventory Balance Date # of units unit unit Sold unit sold January 1 450$ 2.00 900.00 January 9 Average cost S 0.00 January 25 S 0.00 Average cost January 26 Totals
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