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! Required Information [ The following information applies to the questions displayed below. ] Trey Monson starts a merchandising business on December 1 and enters
Required Information
The following information applies to the questions displayed below.
Trey Monson starts a merchandising business on December and enters into the following three Inventory purchases. Monson uses a periodic inventory system. Also, on December Monson sells units for $ each.
Purchases December units @ $
Purchases December units @ $
Purchases December units @ $
Purchases on December
Purchases on December
units @ $ cost
units @ $ cost
Punchases on December
units @ $ cost
Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method.
Note: Round cost per unlts to decimal places.
tabletableWeighted averagePeriodicGonds Availahle for coloGoods Available for Sale,Cost of Goods Sold,Ending Inventory# of units,tableCost perunittableCost of GoodsAvailable forSaletable# of unitssoldtableAverageCostperUnittableCost ofGoods Soldtable# of unitsin endinginventorytableAverageCost per unittableEndingInventoryPurchases:December December December Total$
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