Required information Use the following information for the Quick Study below. (Algo) (5-7) [The following information...
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Required information Use the following information for the Quick Study below. (Algo) (5-7) [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 260 units. Ending inventory at January 31 totals 120 units. Units Unit Cost Beginning inventory on January 1 230 $ 2.10 Purchase on January 9 Purchase on January 25 50 100 2.30 2.44 QS 6-7 (Algo) Perpetual: Inventory costing with weighted average LO P1 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. Note: Round your per unit costs to 2 decimal places. QS 6-7 (Algo) Perpetual: Inventory costing with weighted average LO P1 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. Note: Round your per unit costs to 2 decimal places. January 1 January 9 Weighted Average - Perpetual: Inventory Balance Cost of Goods Sold # of units Cost per unit Inventory Balance Goods purchased Cost of Goods Sold # of Date # of units Cost per unit Cost per units unit sold Average cost January 9 January 25 Average cost January 25 January 26 Total January 26 $ 0.00 Required information Use the following information for the Quick Study below. (Algo) (5-7) [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 260 units. Ending inventory at January 31 totals 120 units. Units Unit Cost Beginning inventory on January 1 230 $ 2.10 Purchase on January 9 Purchase on January 25 50 100 2.30 2.44 QS 6-7 (Algo) Perpetual: Inventory costing with weighted average LO P1 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. Note: Round your per unit costs to 2 decimal places. QS 6-7 (Algo) Perpetual: Inventory costing with weighted average LO P1 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. Note: Round your per unit costs to 2 decimal places. January 1 January 9 Weighted Average - Perpetual: Inventory Balance Cost of Goods Sold # of units Cost per unit Inventory Balance Goods purchased Cost of Goods Sold # of Date # of units Cost per unit Cost per units unit sold Average cost January 9 January 25 Average cost January 25 January 26 Total January 26 $ 0.00
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