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Safari File Edit View History Bookmarks Window Help * ) 16% Mon 8:18 PM Q DE . . . G ezto.mheducation.com C Home Content Question 4 - Wk 2 - Apply: Connect Homework [due... Course Hero + Wk 2 - Apply: Connect Homework [due Day 7] i Saved Help Save & Exit Submit 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 26 units for $25 each. Part 3 of 4 Purchases on December 7 16 units @ $10.00 cost Purchases on December 14 33 units @ $15.00 cost Purchases on December 21 26 units @ $18.00 cost 12.5 points Required: Monson sells 26 units for $25 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.) Weighted Average - Perpetual: Goods purchased Cost of Goods Sold Inventory Balance # of Cost per Inventory # of Cost per Cost of # of units Cost per Date Inventory units unit Value units unit Goods Sold unit Balance sold $ December 7 16 @ $ 10.00 = 160.00 16 @ $ 10.00 = $ 160.00 Mc Graw Education MAR 4 1 HOAXSafari File Edit View History Bookmarks Window Help * ) 16% Mon 8:19 PM Q DE . . . G ezto.mheducation.com C Home Content Question 4 - Wk 2 - Apply: Connect Homework [due... Course Hero + Wk 2 - Apply: Connect Homework [due Day 7] i Saved Help Save & Exit Submit 4 Required: Monson sells 26 units for $25 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.) Weighted Average - Perpetual: Part 3 of 4 Goods purchased Cost of Goods Sold Inventory Balance # of Cost per Inventory # of Cost per Cost of Cost per Inventory Date # of units units unit Value units unit Goods Sold unit Balance sold 12.5 $ points December 7 16 @ $ 10.00 = 160.00 16 @ $ 10.00 = $ 160.00 December 14 33 @ $ 15.00 = $ $ 160.00 495.00 16 @ $ 10.00 33 @ $ 15.00 = 495.00 Average cost 49 @ $ 25.00 = $ 655.00 December 15 26 @ $ 25.00 = $ 650.00 December 21 26 @ $ 18.00 = $ 468.00 16 @ 26 @ $ 18.00 = 468.00 Average cost 42 @ Totals $ 650.00 Mc Graw Hill Education MAR 4 1