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Please complete the charts with the information given, thumbs up! Required information Trey Monson starts a merchandising business on December 1 and enters into the
Please complete the charts with the information given, thumbs up!
Required information Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 30 units for $25 each Purchases on December 7 Purchases on December 14 Purchases on December 21 20 units @ $10.00 cost 36 units @ $15.00 cost 30 units $18.00 cost Monson sells 30 units for $25 each on December 15. Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory when costs are assigned based on LIFO Perpetual LIFO Goods purchased Cost of Goods Sold Inventory Balance Date # of units Cost per unit Cost of Goods Available for Salo of units sold Cost per Cost of Goods unit Sold Cost per # of units unit Inventory Balance December 7 $ 0.00 December 14 $ 0.00 $ 0.001 December 15 December 21 000 Totals Step by Step Solution
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