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O Required information [The following information applies to the questions displayed below.] Trey Monson starts a merchandising business on December 1 and enters into the
O 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 15 units for $21 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. Note: Round your per unit costs to 2 decimal places. December 7 Date December 14 Average cost December 14 December 15 December 21 Average cost December 21 Totals 10 units @ $7.00 cost 20 units @ $13.00 cost 15 units @ $15.00 cost # of units Goods purchased Cost per unit Inventory Value $ $ Weighted Average - Perpetual: $ 0.00 0.00 0.00 # of units sold Cost of Goods Sold Cost per Cost of Goods unit Sold $ 0.00 $ 0.00 # of units 0 Inventory Balance Cost per unit Inventory Balance $ 0.00
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