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.)
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.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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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
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of 4
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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
< Prev
4
of 4
Next
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GEO 220 Chapter. pptx
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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
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Save & Exit
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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
< Prev
4
of 4
Next
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IMG 2237.HEIC
GEO 220 Chapter. pptx
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