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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
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 15 unlts for $27 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 10 units $13.0 cost 2 units $19.0 cost 15 units $21.0 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 welghted average method. Note: Round your per unlt costs to 2 decimal places
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