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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 into the following
Required Information [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 periodic Inventory system. Also on December 15, Monson selis 25 units for $45 each. Purchases on December ? 15 units @ $18.00 cost Purchases on December 14 29 units @ $27.00 cost Purchases on December 21 25 units $32.00 cost Determine the costs assigned to ending Inventory when costs are assigned based on the weighted average method. (Amounts to be deducted should be indicated with a minus sign. Round cost per units to 2 decimal places. Answer is not complete. Periodic Weighted Average Inventory on hand Cost of Goods Sold # of # of Cost per Average Cost of Inventory units units Value Cost per unit Goods sold unit Sold 15$ 18.00 $ 270 29 27.00 783 25 32.00 800 69 100,000.00 1,853 78.00 3,344 113 S 5,197 0 $ 0.00 Purchase - December 7 Purchase - December 14 Purchase - December 21 Available for Sale December Sales Total 443
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