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help TIVITI LUI Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the
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TIVITI LUI Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also on December 15, Monson sells 28 units for $35 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 18 units @ $14.00 cost 33 units @ $21.80 cost 28 units @ $25.00 cost QS 5-12 Perpetual: Inventory costing with weighted average LO P1 Required: Monson sells 28 units for $35 each on December 15. Monson uses a perpetual inventory system. 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.) W lahted Average - Perpetual Goods purchased of Cost per Inventory Date units unit Value December 7 December 14 Cost of Goods Sold #of units Cost of sold Goods Sold Cost per Inventory Balance Cost per Inventory # of units unit Balance unit Average cost December 15 December 21 Average cost Totals Step by Step Solution
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