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QS 6-6 Perpetual: Inventory costing with weighted average LO P1 A company reports the following beginning inventory and two purchases for the month of January,

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QS 6-6 Perpetual: Inventory costing with weighted average LO P1 A company reports the following beginning inventory and two purchases for the month of January, On January 26, the company sells 330 units Ending inventory at January 31 totals 140 units. Beraning inventory on January 1 Purchase on January 9 Purchase on January 35 that 300 70 100 Unit Cort $ 2.00 3.00 3.14 Required: 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.) Cost per Weighted Average Perpetual: Goods purchased #ol Date unit January 1 January Cost of Goods Sold W of Cost per Cost of Goods unit sold Sold Inventory Balance of units Cost per Inventory unit Balance 300 52.00 5 340 00 Average cost January 25 Average cout January 26 Totals

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