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please solve the below question using the information given in the images BIU ula Maker Flyers, Business Car... 0 (470) Exploring Mic... + Error -
please solve the below question using the information given in the images
BIU ula Maker Flyers, Business Car... 0 (470) Exploring Mic... + Error - Pape work i Saved Help Use the following information for the Quick Study below. 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 $40 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 20 units @ $16.ee cost 35 units @ $24.ee cost 30 units $29.ee cost W QS 5-12 Perpetual: Inventory costing with weighted average LO P1 Required: Monson sells 30 units for $40 each on December 15. Monson uses a perpetual Inventory system. Determine the costs as ending Inventory when costs are assigned based on the weighted average method, (Round your per unit costs to 2 deci Weighted Average - Perpetual: Goods purchased Cost of Goods Sold Inventory Balance OL 7 > mu Required: Monson sells 30 units for $40 each on December 15. Monson uses a perpetual inventory system. Determine the costs assigned to ending Inventory when costs are assigned based on the welghted average method. (Round your per unit costs to 2 decimal places.) Weighted Average - Perpetual: Goods purchased Cost of Goods Sold Inventory Balance Date of #of Cost per Inventory Cost per Cost of Cost per units unit Inventory Value units unit # of units Goods Sold sold unit Balance $ December 7 20 @ $ 16.00 320.00 20 @ $ 16.00 - S 320.00 $ December 14 35 $ 24.00 840.00 20 @ $ 16.00 - $ 320,00 351 $ 24.00 840.00 Average cost 55 $1,100.00 December 15 301 er $ 29,00 $ 870.00 25 $ 29.00 - $ 725.00 Goods purchased Cost per Inventory unit Value # of units Date Cost of Goods Sold Cost Cost of per unit Goods Sold #of units sold 20 December 7 December 14 16.00 320.00 Inventory Balance Cost # of units Inventory per unit Balance 20 $ 320.00 16.00 20 $ 320.00 16.00 35 24.00 840.00 55 S 1.160.00 35 @ 24.00 840.00 > Average cost . 29.00 870.00 29.00 $ 725.00 December 15 December 21 $ 0.00 Step by Step Solution
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