QS 5-12 Perpetual: Inventory costing with weighted average LO P1

Required:

Monson sells 27 units for $20 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.)

, 6 Safari File Edit view History Bookmarks windaw Help , @ LII as amlij- Thu10:49PM q o O O O El] newconnectrmheducationcom Q1 i Chp 5 Quick Study 0 Saved Help Save r. em Subrnn Check my work Requlred lnfonnatlon Fan: of 4 Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December1 and enters into the following three inventory purchases. Also. on December 15, Monson sells 27 units for $20 each. 10 points Purchases on December 7 17 units a $8.00 coat: Purchases on December 14 34 units 3 $12.00 cost El Purchases on December 21 27 units a $14.00 coat. 7 l eEook ? 05 5-12 Perpetual: Inventory costing with weighted average LO P1 m i Required: pnm Monson sells 27 units for $20 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.) TI . References MW December 7 December 14 Average cost December 15 December 21 Manama :l Totals | fair