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[The following information applies to the questions displayed below.] Trey Monson starts a merchandising business on December 1 and enters into the following three
[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 $33 each. Purchases on Decenber 7 Purchases on December 14 Purchases on December 21 10 units @ $19.00 cost 20 units @ $25.00 cost 15 units @$27.00 cost QS 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.) Weighted Average Perpetual Goods purchased Date - #of units Cost per uni Inventory Value # of units sold Cost of Goods Sold Cost per Cost of Goods unit Sold Inventory Balance Inventory #of units Cost per unit Balance December 7 10 at $ 19.00 $ 190.00 10 at $ 19.00 = $ 190.00 20 at $ 25.00 $ 500.00 December 14 Average cost December 14 December 15 10 at $ 20 at $ 30 at $ 19.00- $ 25.00 6.00 $ 190.00 500.00 690.00 $ 0.00 15 at S 27.00 = $ 405.00 December 21 Average cost December 21 Totals at $ 27.00 = 0 $ 0.00
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