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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

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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 $25 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 10 units $11.00 cost 20 units 15 units $17.00 cost $19.00 cost S 5-13 (Algo) Perpetual: Inventory costing with weighted average LO P1 termine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round your per it costs to 2 decimal places.) ecember 7 ocember 14 Weighted Average - Perpetual: Goods purchased # of Date #of units Cost per unit Inventory Value units Cost of Goods Sold Cost per Cost of Goods Inventory Balance unit Sold # of units Cost per unit Inventory Balance sold 10 at $ 11.00- $ 110.00 10 at 20 at $ 17.00- S 340.00 10 at verage cost December 141 20 at $ 30 at $ 17.00- 340.00 15.00- $ 340.00 ecember 15 15 at $ 15.00- $ 225.00 15 at $ 19.00- $ 285.00 ecember 21 15 at 15 at $ 19.00- 285.00 verage cost December 211 30 at $ 17.00- $ 510.00 $ 225.00 $ 510.00 otals

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