Required Information The Following Information Applies To The Questions Displayed Below A Company Reports The Follo 1 (61.27 KiB) Viewed 30 times
Required Information The Following Information Applies To The Questions Displayed Below A Company Reports The Follo 2 (38.52 KiB) Viewed 30 times
! Required information (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. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 360 80 110 Unit Cost $ 3.50 3.70 3.80 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.) Goods purchased Weighted Average - Perpetual: Cost of Goods Sold # of Cost per Cost of Goods units unit Sold sold Date # of units Cost per #c unit January 1 January 9 Average cost January 9 January 25 Average cost January 25 January 26 Total January 26
Inventory Balance # of units Cost per unit Inventory Balance
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