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PLEASE READ INTRRUSTIONS!! 5 Chapter 5 Quiz i 3 eBook Required information [The following information applies to the questions displayed below.] Trey Monson starts a
PLEASE READ INTRRUSTIONS!!
5 Chapter 5 Quiz i 3 eBook 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 $20 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 December 7 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.) Date December 14 Average cost December 14 December 15 December 21 Average cost December 21 Totals 10 units @ $6 cost. 20 units @ $12 cost 15 units @ $14 cost # of units Weighted Average - Perpetual: Goods purchased Cost per Inventory unit Value $ $ 0.00 0.00 $ 0.00 # of units sold Saved Cost of Goods Sold Cost per Cost of Goods Sold unit $ 0.00 # of units Inventory Balance Cost per unit Inventory Balance $ 0.00Step by Step Solution
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