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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 inventory

[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 $26 each.

Purchases on December 7 10 units @ $12.00 cost
Purchases on December 14 20 units @ $18.00 cost
Purchases on December 21 15 units @ $20.00 cost

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.)image text in transcribed

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 perpetual inventory system. Also, on December 15 , Monson sells 15 units for $26 each. Petermine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round your per init costs to 2 decimal places.)

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