166 3 Required information (The long information apples to the questions displayed below) Trey Monson starts a merchanding business on December 1 and enters in the flowing the very burchases Monson uses a perpetual inventory system Aso, on December 15, Monsen sels 27unts for $20 0 10 10 m Determine the costs assigned to ending inventory when costs are assigned based on the weighted mage metod (Round your p unit costs to 2 decimal places) Goods aurchased Date Can December Decender Average December Decider Danker 21 Ang Dabe 21 Cost of Guade 136.00) F 3730 14.00 Lave & Lat Check my won 4 art 4 of 4 5 its eBook Hint Required information [The following information applies to the questions displayed below] Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Monson uses a perpetual inventory system. Also, on December 15, Monson sells 27 units for $20 each. Purchases on December 71 Purchases on December 14 Purchases on December 21 17 units @ $8.00 cost 34 units @$12.00 cost 27 units @ $14.00 cost Of the units sold, 14 are from the December 7 purchase and 13 are from the December 14 purchase. Determine the costs assigned to ending inventory when costs are assigned based on specific identification. Specific Identification Print D rences Purchases: Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit Cost of Goods of Available for units Sale sold Cost Cost of per unit Goods Sold in ending #of units Cost per Ending unit Inventory inventory December 7 17 $ 8.00 $ 136 $ 8.00 $ 0 $ 6.00 $ 0 December 14 34 12.00 408 12.00 D 12.00 0 December 21 27 14.00 378 14.00 D Total 78 $ 922 0 $ 0 0 $ 0 23 of 4 Required information [The following information applies to the questions displayed below) Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Monson uses a perpetual inventory system. Also, on December 15, Monson sells 27 units for $20 each. Purchases on December 7 Purchases on December 14 Purchases on December 211 17 units @ $8.00 cost 34 units 27 units $12.00 cost $14.00 cost Book 60 Wint 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: int ences Goods purchased Cost of Goods Sold Inventory Balance Date # of units Cost per unit Inventory Value #of units sold unit Cost per Cost of Goods Sold # of units Cost per unit Inventory Balance December 7 17 at $ 8.00 $ 136.00 17 at $ 8.00 $ 136.00 34 at $ 12.00 $ 408.00 17 at $ December 14 8.00- $ 136.00 34 at S 12.00- 408.00 Average cost December 14 December 15 51 at $ 10 67 S 544.00 27 at $10.67 $ 288.09 $ 10.67- 27 at $ 14.00 S 378.00 at $ 10.67 December 21 27 at $ 14.00- 378.00 Average cost December 21 27 at Totals $288 09