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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 $400$ units. Ending inventory at January $31$ totals $150$ units.

$\backslash$begin$\{$tabular$\}\{|$lrc$|\}$

$\backslash$hline Beginning inventory on January $1$ & Units & Unit Cost $\backslash \backslash$

$\backslash$hline Purchase on January $9$ & $860$ & $\backslash (\backslash$$ $3\mathrm{.}50\backslash )\backslash \backslash$

Purchase on January $25$ & $80$ & $3\mathrm{.}70\backslash \backslash$

& $110$ & $3\mathrm{.}80$

$\backslash$end$\{$tabular$\}$

QS $5-7($Algo$)$ Perpetual: Inventory costing with weighted average LO P$1$

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 $\backslash (\backslash$mathbf$\{2\}\backslash )$ decimal places.

Answer is complete but not entirely correct.

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline $\backslash$multicolumn$\{15\}\{|$c$|\}\{$Weighted Average $-$ Perpetual:$\}\backslash \backslash$

$\backslash$hline $\backslash$multirow$[$b$]\{2\}\{*\}\{$Date$\}$ & $\backslash$multicolumn$\{3\}\{|$l$|\}\{$Goods purchased$\}$ & $\backslash$multicolumn$\{5\}\{|$c$|\}\{$Cost of Goods Sold$\}$ & $\backslash$multicolumn$\{6\}\{|$c$|\}\{$Inventory Balance$\}\backslash \backslash$

$\backslash$hline & $\backslash$multicolumn$\{2\}\{|$l$|\}\{\backslash$# of units$\}$ & $\backslash$begin$\{$tabular$\}\{$l$\}$

Cost $\backslash \backslash$

per $\backslash \backslash$

unit

$\backslash$end$\{$tabular$\}$ & $\backslash$multicolumn$\{2\}\{|$l$|\}\{\backslash$# of units sold$\}$ & $\backslash$multirow$[$t$]\{2\}\{*\}\{$Cost per unit$\}$ & $\backslash$multicolumn$\{2\}\{|$l$|\}\{$Cost of Goods Sold$\}$ & $\backslash$multicolumn$\{2\}\{|$l$|\}\{\backslash$# of units$\}$ & $\backslash$multicolumn$\{2\}\{|$r$|\}\{$Cost per unit$\}$ & $\backslash$multicolumn$\{2\}\{|$r$|\}\{\backslash$begin$\{$tabular$\}\{$l$\}$

Inventory $\backslash \backslash$

Balance

$\backslash$end$\{$tabular$\}\}\backslash \backslash$

$\backslash$hline January $1$ & & & & & & & & & $\backslash (360>\backslash )$ & at & $\backslash$$ & $\backslash (3\mathrm{.}50>\backslash )$ & $=$ & $\backslash$$ $1,260\mathrm{.}00\backslash \backslash$

$\backslash$hline $\backslash$multirow$[$b$]\{2\}\{*\}\{$January $9\}$ & $\backslash (80>\backslash )$ & at & $\backslash$$ $3\mathrm{.}70>$ & & & & & & $\backslash (360>\backslash )$ & at & $\backslash$$ & $3\mathrm{.}50$ & $=$ & $\backslash$$ $1,260\mathrm{.}00\backslash \backslash$

$\backslash$hline & & & & & & & & & $\backslash (80>\backslash )$ & at & $\backslash$$ & $3\mathrm{.}70$ & $\backslash (=\backslash )$ & $296\mathrm{.}00\backslash \backslash$

$\backslash$hline Average cost January

$\backslash [$

$9$

$\backslash ]$ & & & & & & & & & $440$ & at & $\backslash$$ & $3\mathrm{.}53\backslash (\backslash$cdot $\backslash )$ & & $\backslash$$ $1,556\mathrm{.}00\backslash \backslash$

$\backslash$hline $\backslash$multirow$\{2\}\{*\}\{$January $25\}$ & $\backslash (110>\backslash )$ & at & $\backslash$$ $3\mathrm{.}80$ & & & & & & $\backslash (440>\backslash )$ & at & $\backslash$$ & $3\mathrm{.}53$ & $\backslash (=\backslash )$ & $\backslash$$ $1,553\mathrm{.}20\backslash \backslash$

$\backslash$hline & & & & & & & & & $\backslash (110>\backslash )$ & at & $\backslash$$ & $3\mathrm{.}80$ & $\backslash (=\backslash )$ & $418\mathrm{.}00\backslash \backslash$

$\backslash$hline Average cost January

$\backslash [$

$25$

$\backslash ]$ & & & & & & & & & $550$ & at & $\backslash$$ & $\backslash (3\mathrm{.}58>\backslash )$ & & $\backslash$$ $1,971\mathrm{.}20\backslash \backslash$

$\backslash$hline January $26$ & & & & $\backslash (400>\backslash )$ & at & $\backslash$$ $3\mathrm{.}59$ & $\backslash (=\backslash )$ & $\backslash$$ $1,436\mathrm{.}00$ & $\backslash (150>\backslash )$ & at & $\backslash$$ & $\backslash (538\mathrm{.}50\backslash$times $\backslash )$ & $\backslash (=\backslash )$ & $\backslash$$ $80,775\mathrm{.}00\backslash \backslash$

$\backslash$hline Total January $26$ & & & & & & & & $\backslash$$ $1,436\mathrm{.}00$ & & & & & & $\backslash$$ $80,775\mathrm{.}00\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$