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t Required information [The following information applies to the questions displayed below] Trey Monson starts a merchandising business on December 1 and enters into the

image text in transcribed t Required information [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 periodic 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 unita $15.00 coat 28 units @ $18.00 cos Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round cost per units to 2 decimal places.) Weighted average-Periodic Goods Available for Sale #of units Cost of Goods Available for Sale of units soldi Cost per unit Cost of Goods Sold Average Cost per Unit Ending Inventory of units Cost of Goods Sold Ending in ending inventory Average Cost per unit Inventory nces Purchases: December 7 December 14 December 21 Total $ 0.00 $ 0.00

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