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 420 units. Ending inventory at January 31 totals 170 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Total Beginning inventory Purchases: Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. Note: Round per unit costs to 2 decimal places. January 9 January 25 Goods Available for Sale Units 380 90 120 Number of units Unit Cost $ 3.70 3.90 4.00 Weighted average - Periodic Cost of Goods Cost per unit Available for Sale Number of units sold Cost of Goods Sold Average Cost per Unit Cost of Goods Sold Number of units in ending inventory Ending Inventory Average Cost per unit Ending Inventory

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 420 units. Ending inventory at January 31 totals 170 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Total Beginning inventory Purchases: Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. Note: Round per unit costs to 2 decimal places. January 9 January 25 Goods Available for Sale Units 380 90 120 Number of units Unit Cost $ 3.70 3.90 4.00 Weighted average - Periodic Cost of Goods Cost per unit Available for Sale Number of units sold Cost of Goods Sold Average Cost per Unit Cost of Goods Sold Number of units in ending inventory Ending Inventory Average Cost per unit Ending Inventory

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Description: Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. !Required information[The following information applies to the questions displayed below

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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