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1 Required information [ The following information applies to the questions displayed below. ] Trey Monson starts a merchandising business on December 1 and enters
Required information
The following information applies to the questions displayed below.
Trey Monson starts a merchandising business on December and enters into the following three inventory purchases. Monson uses a perpetual inventory system. Also, on December Monson sells units for $ each.
Purchases on December units @ $ cost
Purchases on December units @ $ cost
Purchases on December units @ $ cost
Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method.
Note: Round your per unit costs to decimal places.
tableWeighted Average Perpetual:December Goods purchased,Cost of Goods Sold,Inventory Balancetable# ofunitsCost per unit,Inventory Value,table# ofunitssoldtableCost perunittableCost of GoodsSold# of units,Cost per unit,tableInventoryBalanceAverage cost December Average cost December December Average cost December tableAverage cost December TotalsTotalstheses,,,
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