5 Part 3 of 4 16.66 points Required information Use the following information for the Quick Study below. (Algo) (11-14) [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 15 units for $26 each. Purchases on December 7 Purchases on December 14 10 units $12.00 cost eBook Purchases on December 21 20 units @ $18.00 cost 15 units @ $20.00 cost Hint Print Check my work LO 5 Part 3 of 4 Check my work QS 5-13 (Algo) Perpetual: Inventory costing with weighted average LO P1 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.) 16.66 points eBook Hint December 7 Pri December 14 Weighted Average Perpetual Goods purchased Cost of Goods Sold inventory Balance of Date #of units Cost per unit Inventory Value units sold Cost per Cost of Goods unit Sold # of units Cost per unit Inventory Balance $ 0.00 $ 0.00 References Average cost December 14 000 December 15 $ 000 0.00 December 21 Average cost December 21 Totals 000 Required information Use the following information for the Quick Study below. (Algo) (11-14) [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 15 units for $26 each. Purchases on December 7 Purchases on December 141 10 units @ $12.00 cost Purchases on December 21 20 units @ $18.00 cost 15 units @ $20.00 cost QS 5-14 (Algo) Perpetual: Inventory costing with specific identification LO P1 Of the units sold, 8 are from the December 7 purchase and 7 are from the December 14 purchase. Determine the costs assigned to ending inventory when costs are assigned based on specific identification ok ences Required information Of the units sold, 8 are from the December 7 purchase and 7 are from the December 14 purchase. Determine the costs assigned to ending inventory when costs are assigned based on specific identification. Specific Identification # of units unit Goods Available for Sale Cost of Goods Cost per Available for Cost of Goods Sold Ending Inventory # of units Cost Cost of per unit Goods Sold in ending of units Cost per Ending unit Inventory Sale sold inventory Purchases December 7 S 0 $0.00 $ 0 $0.00 $ 0 December 14 0 0.00 0 0.00 0 December 21 0 0.00 0 Total $ 0 0 0 0 $ 0 < Prev 6 of 6 Next