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Required information Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following

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Required information Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 29 units for $45 each Purchases on December 7 Purchases on December 14 Purchases on December 21 19 units @ $18.00 cost 35 units @ $27.00 cost 29 units @ $32.00 cost QS 5-12 Perpetual: Inventory costing with weighted average LO P1 Required: Monson sells 29 units for $45 each on December 15. Monson uses a perpetual inventory system. 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.) Weighted Average - Perpetual Goods purchased Cost of Goods Sold Inventory Balance # of Cost per of Date Inventory Cost of Cost per units Cost per #of units Inventory units unit Value sold unit Goods Sold unit Balance December 7 December 14 Average cost December 15 December 21 Purchases on December 7 Purchases on December 14 Purchases on December 21 19 units @ $18.00 cost 35 units @ $27.00 cost 29 units @ $32.00 cost QS 5-12 Perpetual: Inventory costing with weighted average LO P1 Required: Monson sells 29 units for $45 each on December 15. Monson uses a perpetual inventory system. 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.) Weighted Average - Perpetual Goods purchased # of Cost per Date Inventory units unit Value December 7 December 14 Cost of Goods Sold # of units Cost per Cost of sold unit Goods Sold Inventory Balance Cost per #of units Inventory unit Balance Average cost December 15 December 21 Average cost Totals

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