QS 5-4 Perpetual: Inventory costing with FIFO P1 A company reports the following beginning inventory...
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QS 5-4 Perpetual: Inventory costing with FIFO P1 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 Unit Cost Beginning inventory on January 1. $3.00 Purchase on January 9. Purchase on January 25. 3.34 Units ++++ 320 80 100 3.20 OS 5-6 Perpetual: Inventory costing with weighted average P1 Refer to the information in QS 5-4 and 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 per unit costs and inventory amounts to cents
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