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Determine the cost assigned to ending inventory when cost are assigned based on the weighted average method Required information Use the following information for the
Determine the cost assigned to ending inventory when cost are assigned based on the weighted average method
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 27 units for $40 each Purchases on December 7 Purchases on December 14 Purchases on December 21 17 units $16.00 cost 33 units $24.00 cost 27 units $29.00 cost 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.) Data Bor units Weighted Average Paris Goodschased Cost of Ooh Sold of Cost per unit Inventory Value units Cost Cost of Goods unit sold Sold 5 0.00 Inventory Balance Inventory Costerunt Balance December 7 $ December 14 0.00 0.00 Avenge cost December 14 December 15 0.001 0.00 December 21 Average cost December 21 Total ODO Step by Step Solution
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