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. 290 units. Ending inventory at January 31 totals 130 units. Units Unit Cost Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 260 $ 2.40 60 2.60 100 2.74 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.)

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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.)
Weighted Average - Perpetual:
Cost of Goods Sold
Goods purchased
Inventory Balance
# of
units
sold
Date
# of units Cost per
unit
Cost per
unit
Cost of Goods
Sold
# of units
Cost per unit Inventory Balance
59
January 1
January 9
Average cost January 9
0.00
January 25
Ces
Average cost January 25
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Transcribed Image Text:ssignment i Saved Help Save & Exit Check my Required information 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.) Weighted Average - Perpetual: Cost of Goods Sold Goods purchased Inventory Balance # of units sold Date # of units Cost per unit Cost per unit Cost of Goods Sold # of units Cost per unit Inventory Balance 59 January 1 January 9 Average cost January 9 0.00 January 25 Ces Average cost January 25 < Prev of 4 Next GEO 220 Chapter.pptx nm.jpg IMG 2237.HEIC GEO 220 World R..docx Canceled ere to search a 99+ 71°E ip
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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.]
f3
A company reports the following beginning inventory and two purchases for the month of January. On January 26, the
company sells. 290 units. Ending inventory at January 31 totals 130 units.
Unit Cost
$ 2.40
2.60
Units
Beginning inventory on January 1
Purchase on January 9
Purchase on January 25
260
60
46:08
100
2.74
pok
QS 5-7 (Algo) Perpetual: Inventory costing with weighted average LO P1
nt
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.)
int
ences
Weighted Average - Perpetual:
Cost of Goods Sold
Goods purchased
Inventory Balance
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Transcribed Image Text:to.mheducation.com/ext/map/index.html?_con3Dcon&external_browser=D0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%25... 5 Assignment Saved Help Save & Exit Submit Check my work Required information Use the following information for the Quick Study below. (Algo) (5-7) [The following information applies to the questions displayed below.] f3 A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells. 290 units. Ending inventory at January 31 totals 130 units. Unit Cost $ 2.40 2.60 Units Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 260 60 46:08 100 2.74 pok QS 5-7 (Algo) Perpetual: Inventory costing with weighted average LO P1 nt 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.) int ences Weighted Average - Perpetual: Cost of Goods Sold Goods purchased Inventory Balance < Prev 4 of 4 Next gnm.jpg IMG 2237.HEIC GEO 220 Chapter. pptx GEO 220 World R..docx Canceled Show nere to search 99+ 10:33 PM 71°F 中 9/10/2021 近
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