ssignment Saved Help A company reports the following beginning Inventory and two purchases for the...
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ssignment Saved Help A company reports the following beginning Inventory and two purchases for the month of January. On January 26, the company sells 440 units. Ending Inventory at January 31 totals 170 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units Unit Cost 400 $ 3.90 904.10 120 4.20 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.) Weighted Average - Perpetual: Goods purchased Date # of units Cost of Goods Sold Cost per Cost of Goods unit Sold Cost per unit units sold Inventory Balance of units Cost per Inventory unit Balance 400 @ $ 3.90 - $1,560.00 January 1 January 9 Average cost January 25 Average cost January 26 Totals
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