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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 28 units for $25 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 18 units @ $10.00 cost 35 units @ $15.00 cost 28 units @ $18.00 cost QS 6-13 (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.) Weighted Average - Perpetual: Goods purchased Cost of Goods Sold # of Cost per unit Inventory Value Cost per Cost of Goods unit Date Inventory Balance # of units Cost per unit Inventory Balance # of units units sold Sold December 7 $ 0.00 $ 0.00 December 14 Average cost December 14 $ 0.00 December 15 $ 0.00 $ 0.00 December 21 0 Average cost December 21 Totals $ 0.00

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