QS 5-13 Algo Perpetual: Inventory costing with weighted average LO P1

Required information Use the following information for the Quick Study below. (Algo) (11-14) [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 29 units for $45 each. Purchases on December 7 19 units $18.00 cost Purchases on December 14 35 units $27.00 cost Purchases on Deceber 21 29 units $32.00 cont QS 5-13 (Algo) Perpetual: Inventory costing with weighted average LO P1 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 Wolghted Average - Perpetual Goods purchased Cost of Goods Sold # of #of Cost per unit units Inventory Value Cost per Cost of Goods units unit Sold sold 19 at $ 18.00 $ 342.00 Inventory Balance Cost per unit Inventory Balance of units 1910 $ December 7 $ 18.00 342.00 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.) Wof Inventory Blanca Cost per unit Inventory Balance Date Welahted Average - Perpetual Goods.nurchased Cost of Goods Sold #ol Cost per unit unite Inventory Value Cost per cost of Goods units unit Sold sold 19 ats 18.00 $ 342.00 # of units 10 ats 18.00 $ 342.00 December 7 35 $ $ S 27.00 945.00 December 14 10 at 5 35 at 5 54 at 18.00 27.00 342.00 945.00 1.287.00 $ Average cost December 14 December 15 29 at $ 27.00 $783.00 29 s 32.00 - $ 928.00 December 21 19 at 29 at S 32.00 928.00 48 at Average cost December 21 Totals $ 783.00