Required information Use the following information for the Quick Study below. (Algo) [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 280 units Ending inventory at January 31 totals 130 units Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 250 60 Unit Cost $ 2.30 2.50 2.64 100 QS 5-7 (Algo) Periodic: Inventory costing with weighted average LO P1 Assume the periodic 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 to 3 decimal places. Amounts to be deducted should be indicated with a minus sign.) QS 5-7 (Algo) Periodic: Inventory costing with weighted average LO P1 Assume the periodic 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 to 3 decimal places. Amounts to be deducted should be indicated with a minus sign.) Periodic Weighted Average Cost of Goods Sold of units Avg. fost per Cost of sold Goods Sold Cost per Beginning Inventory Purchase - January 9 Purchase - January 25 Available for Sale January Sales Total Inventory on hand #of units Inventory unit Value 250 s 2300 $ 575 60 $ 2500) 150 100 $ 2640 284 4101 s 2.412 989 0 410 $ 989 0 S 0