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QS 5-12 Perpetual: Inventory costing with weighted average LO P1 Trey Monson starts a merchandising business on December 1 and enters into the following three
QS 5-12 Perpetual: Inventory costing with weighted average LO P1 Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases Purchases on December 7 Purchases on December 14 Purchases on December 21 15 units 30 units 25 units $10.00 cost $15.00 cost $18.00 cost Required Monson sells 25 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 units #of units Cost per Cost of sold Inventory Balance Date Cost peri # of units Value Goods Sold! unit unit unit 1510.00 15 10.00 150.00 December 7 150.00 December 14 $ 0.00 $ 0.00 Average cost December 15 December 21 0.00 $ 13.33 $ 0.00 0 Average cost Totals $ 0.00
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