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help please! incomplete answer 5 ! Part 4 of 4 Required Information [The following information applies to the questions displayed below) Trey Monson starts a
help please! incomplete answer
5 ! Part 4 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 29 units for $50 each Purchases on December 7 19 units $20.00 coat Purchases on December 14 36 units $30.00 cost Purchase on December 21 29 units $36.00 cost 1 points Book or the units sold, 15 are from the December 7 purchase and 14 are from the December 14 purchase. Determine the costs assigned to ending Inventory when costs are assigned based on specific identification Hint Print Specifis Identification Goods Available for Sale Cost of Goods Sold Cost of Goods W of of units Cost Available for units unit Cool of Sale sold per unit Goods Sold Cost per Ending Inventory of units Cont per Ending In ending Unit Inventory inventory References 380 Purchases December 7 Doomber 14 December 21 Total $20.00 30.00 19 $ 20.00 $ 30 30.001 29 36.00 84 $ 1,080 1,044 2,504 0 4 $20.00 $ of 22 30.00 360 29 35.00 1,044 0 55 $ 1,704 0 $ Step by Step Solution
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