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Please Please help me solve this in less than 3 0 minutes, i really need helping understanding this In time for my test!!!! [ The
Please Please help me solve this in less than minutes, i really need helping understanding this In time for my test!!!!
The following information applies to the questions displayed below.
Trey Monson starts a merchandising business on December and enters into the following three inventory purchases. Monson uses a perpetual inventory system. Also, on December Monson sells units for $ each.
Purchases on December units @ $ cost
Purchases on December units @ $ cost
Purchases on December units @ $ cost
Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method.
Note: Round your per unit costs to decimal places.
tableWeighted Average Perpetual:tableDateDecember Goods purchased,Cost of Goods Sold,Inventory Balancetable# ofunitsCost per unit,Inventory Value,table# ofunitssoldtableCost perunittableCost of GoodsSold# of units,Cost per unit,tableInventoryBalance$December $Average cost December December $December $Average cost December Totals
Required information
The following information applies to the questions displayed below.
Trey Monson starts a merchandising business on December and enters into the following three inventory purchases.
Monson uses a perpetual inventory system. Also, on December Monson sells units for $ each.
Purchases on December units @ $ cost
Purchases on December units @ $ cost
Purchases on December units @ $ cost
Of the units sold, are from the December purchase and are from the December purchase. Determine the costs assigned to ending inventory when costs are assigned based on specific identification.
tableSpecific IdentificationGoods Available for Sale,Cost of Goods Sold,Ending Inventory# of units,tableCost perunittableCost of GoodsAvailable forSaletable# ofunitssoldtableCostper unittableCost ofGoods Soldtable# of unitsin endinginventorytableCost perunittableEndingInventoryPurchases:December $$$$$
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