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 350 units. Ending inventory at January 31 totals 150 units. Beginning inventory on January 1 Purchase on January 9 Units 320 Unit Cost $ 3.40 80 Purchase on January 25 100 3.60 3.74 QS 5-7 (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. (Round your per unit costs to 2 decimal places.) Answer is not complete. Weighted Average - Perpetual: Goods purchased Cost of Goods Sold Date # of units Cost per unit # of units Cost per sold unit Cost of Goods Sold Inventory Balance Cost per # of units unit Inventory Balance January 1 January 9 320 at $ 3.40 $ 1,088.00 80 at $ 3.60 at $ 3.40 = at $ 3.60 = Average cost January at $ 0.00 9 January 25 Average cost January 25 January 26 Total January 26 100 at $ 3.74 at 100 at $ 3.74 = 100 at 374.00 $ 374.00 350 at $ 3.60 x= S 1,260.00 150 at $ 3.60 x = $ 540.00 $ 1,260.00 $ 540.00