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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 reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 320 units. Ending inventory at January 31 totals 140 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 290 70 100 Unit Cost $ 2.70 2.90 3.04 QS 6-10A (Algo) Periodic: Inventory costing with weighted average LO P3 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 2 decimal places.) QS 6-10A (Algo) Periodic: Inventory costing with weighted average LO P3 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 2 decimal places.) Weighted average - Periodic Goods Available for Sale Cost of Goods Sold Cost of Goods Average # of units Cost of # of units Cost per unit Available for sold Goods Sold Sale Unit Ending Inventory # of units Average Cost in ending Ending inventory per unit Inventory Cost per 290 2.70 $ 783 Beginning inventory Purchases: 70 $ 2.90 203 January 9 January 25 100 $ 3.04 304 Total 460 $ 2.80 $ 1,290 $ 0.00 0.00