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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

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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 10 units for $50 each. Purchases on December 8 units $20.00 cost Purchases on December 14 17 units . $30.00 cost Purchases on December 21 15 units $36.00 cost 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 # of units Welghted Average - Perpetual Goods purchased Cost of Goods Sold #of Cost per unit Inventory Value Cost per Cost of Goods unit sold Sold 0.00 Inventory Balance Inventory # of units Cost per unit Balance units December 7 December 14 $ 0.00 Average cost December 14 0.00 December 15 000 December 21 $ 0.00 Average cost December 21 Totals 0 $ 0.00

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