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 perpetual Inventory system. Also, on December 15, Monson sells 25 units for $25 each. Purchases on December 7 Purchases on December 14 1 15 units $10.00 cost Purchases on December 21 30 units @$15.00 cost 25 units @$18.00 cost Required: Determine the costs assigned to the December 31 ending Inventory based on the FIFO method. Goods Purchased Date W of Units Cost Per Unit December 7 December 14 Total December 14 December 15 Total December 15 December 21 re to search Perpetual FIFO Cost of Goods Sold Inventory Balance of Goods Purchased Units Sold Cost Per Cost of Goods Unit Sold Cost Per # of Units Unit Inventory Balance DO Prev 1 2 3 4 of 4 Next > Purchases on December 7 Purchases on December 14 Purchases on December 21 15 units $10.00 cost 38 units @ $15.00 cost 25 units @$18.00 cost Determine the costs assigned to ending Inventory when costs are assigned based on the LIFO method. Perpetual LIFO Goods purchased Cost of Goods Sold Inventory Balance Cate of units Cost per unit Cost of Goods Available for # of units Cost per Cost of Goods #ot units unit Sold Cost per Inventory unif Sale Isold Balance December 7 December 14 0.00 $ 0.00 Total December 14 December 15 Total December 15 December 219 Totals re to search O $ 0.00 3 0.00 O 8 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 perpetual Inventory system. Also, on December 15, Monson sells 25 units for $25 each Purchases un December 7 Purchases on December 14 Purchases on December 21 15 units $10.00 cost 38 units @ $15.00 cost 25 units $18.00 cost 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.) Weahted Axerane Fernebial Goods Rutsbased Cost of Goods Sold: inventory Balance Date of Cost per unit units Inventory Value units Casf per Cost of Goods unit Sold Inventory of units Cost per un Balants sold December 7 December 14 Average cost December 14 $ 0.00 S 0.00 December 15 December 21 Average cost December 21 Totals here to search 40 3 5 6 0.00 8 000 + 7 8 144 6 0.00 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 pur Monson uses a perpetual Inventory system. Also, on December 15, Monson sells 25 units for $25 each Purchases on December 7 Purchases on December 14 Purchases on December 21 15 units @$10.00 cost 30 units @$15.00 cost 25 units @ $18.00 cost Of the units sold, 12 are from the December 7 purchase and 13 are from the December 14 purchase. Determine the col ending inventory when costs are assigned based on specific identification. Purchases December 7 December 14 December 21 Total e to search Specific Identification Goods Available for Sale Cost of Goods Sold Ending Inventory #of units Cost per Available for Cost of Goods of unit Sale units sold Cost Cost of per unit Goods Sold # of units in ending Cost per Ending unit Inventory inventory O $ $0.00 $ O D 0.00 O O $0.00 $ 0 0.00 O 0.00 O 3 D < Prev 4 of 4 Next