Required information Use the following information for the Quick Study below. (Algo) (11-14) The following information...
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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 15 units for $27 each. Purchases on December- Purchases on December 14 Purchases on December 21 10 unite $13.00 cont 20 units 15 units $19.00 cost $21.00 cost OS 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.) Answer is complete but not entirely correct. Weighted Average Perpetual Goods purchased Cost of Goods Sold Inventory Balance Date of Cost # of units Cost of Goods Cost per unit Inventory Value units per of units Sold Cost per unit Inventory Balance sold unit 10 at $11.00-$110.00 11.000- $ 110.00 20 $19.00 $ 380.00 December 7 December 14 Average cost December December 15 December 211 Average cost December To 10 at 11.00 10 19.00 110.00 190.00 20 at $ 19.00 O $ 300.00 15 at $244.50 15 at $ 16.30- $244.50 16.30 15 at $21.00 O 315.00 150 15 at $ 16.30 21.00 . $ 244.50 315.00 30 21.00 - 630.00 5244.50 $ 630.00 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 units for $27 each. Purchases on December- Purchases on December 14 Purchases on December 21 10 unite $13.00 cont 20 units 15 units $19.00 cost $21.00 cost OS 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.) Answer is complete but not entirely correct. Weighted Average Perpetual Goods purchased Cost of Goods Sold Inventory Balance Date of Cost # of units Cost of Goods Cost per unit Inventory Value units per of units Sold Cost per unit Inventory Balance sold unit 10 at $11.00-$110.00 11.000- $ 110.00 20 $19.00 $ 380.00 December 7 December 14 Average cost December December 15 December 211 Average cost December To 10 at 11.00 10 19.00 110.00 190.00 20 at $ 19.00 O $ 300.00 15 at $244.50 15 at $ 16.30- $244.50 16.30 15 at $21.00 O 315.00 150 15 at $ 16.30 21.00 . $ 244.50 315.00 30 21.00 - 630.00 5244.50 $ 630.00
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