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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 19 units @ $20.00 cost 36 units @ $30.00 cost 29 units @ $36.00 cost Required: Monson sells 29 units for $50 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 # of Date Cost per Inventory units unit Value Cost of Goods Sold Inventory Balance # of Cost per cost of units Cost per Inventory unit Goods Sold | # of units sold vous son unit Balance December 7 19 @ 20.00 = $380.00 19 @ $ 20.00 = $ 380.00 December 14 Average cost December 15 $ 26.55 = December 21 Average cost Totals
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