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 250 units. Ending inventory at January 31 totals 130 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Date 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. Note: Round your per unit costs to 2 decimal places. Goods purchased # of units Cost per unit Units 230 50 100 < Prev Weighted Average-Perpetual: Cost of Goods Sold # of units sold Unit Cost $2.00 2.20 2.34 9 3 Cost per unit of 10 Cost of Goods Sold Next >> # of units Inventory Balance Cost per unit Inventory B
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 250 units. Ending inventory at January 31 totals 130 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Date 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. Note: Round your per unit costs to 2 decimal places. Goods purchased # of units Cost per unit Units 230 50 100 < Prev Weighted Average-Perpetual: Cost of Goods Sold # of units sold Unit Cost $2.00 2.20 2.34 9 3 Cost per unit of 10 Cost of Goods Sold Next >> # of units Inventory Balance Cost per unit Inventory B
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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answer in text form please (without image)
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ces
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 250 units. Ending inventory at January 31 totals 130 units.
Beginning inventory on January 1
Purchase on January 9
Purchase on January 25
Date
Goods purchased
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.
Note: Round your per unit costs to 2 decimal places.
# of units
Cost per
unit
Units
230
50
< Prev
100
# of
units
sold
Weighted Average - Perpetual:
Cost of Goods Sold
Unit Cost
$ 2.00
2.20
2.34
S
3
Cost per Cost of Goods
Sold
unit
of 10
Next >>
# of units
Inventory Balance
Cost per unit Inventory Bal](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcb1bbf58-5e94-444a-bc1b-96cb0d2eedb7%2Ff4aef0ed-b8d6-4005-8df7-2c3679ae4c68%2Fypj6nx_processed.jpeg&w=3840&q=75)
Transcribed Image Text:3
ces
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 250 units. Ending inventory at January 31 totals 130 units.
Beginning inventory on January 1
Purchase on January 9
Purchase on January 25
Date
Goods purchased
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.
Note: Round your per unit costs to 2 decimal places.
# of units
Cost per
unit
Units
230
50
< Prev
100
# of
units
sold
Weighted Average - Perpetual:
Cost of Goods Sold
Unit Cost
$ 2.00
2.20
2.34
S
3
Cost per Cost of Goods
Sold
unit
of 10
Next >>
# of units
Inventory Balance
Cost per unit Inventory Bal
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