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Required Information Use the following Informatlon for the Quick Study below Trey Monson starts a merchandising business on December 1 and enters into the following
Required Information Use the following Informatlon 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 30 units for $35 each. 20 units $14.00 cost 36 units $21.00 cost 30 units$25.ee cost Purchases on December 7 Purchases on December 14 Purchases on December 21 QS 5-12 Perpetual: Inventory costing with weighted average LO P1 Required Monson sells 30 units for $35 each on December 15. Monson uses a perpetual Inventory system. Determine the costs assigned to ending Inventory when costs are assigned based on the welghted average method. (Round your per unlt costs to 2 declmal places.) #of Inventory units u Value # of cost per Inventory units Cost per Cost of unit Goods Sold Cost per Inventory unit Date # of units unit Balance S 0.00 S 0.00 December 14 5 0.00 Average cost S0.00 S 0.00 December 21 Average cost 5 0.00 Totals
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