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Required information Use the following information for the Quick Studies below. (Algo) (5-7) [The following...

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Accounting

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Required information Use the following information for the Quick Studies 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. QS 5-7 (Algo) Periodic: Inventory costing with weighted average LO P1 Assume the perlodic 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

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