this is just one question with 3 parts
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of 4 Required information The following information applies to the questions displayed below) Trey Monson starts a merchandising business on December and enters into the following three inventory purchases Monson uses a periodic inventory system. Also, on December 15, Monson sells 27 units for $20 each Purchases on December 7 Purchases on December 14 Purchases on December 21 17 units 58.00 cost 34 units $12.00 cost 27 units $14.00 cost Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method Answer is not complete. Per to Costads Inventory COSTO GORNIS AB for Sale Cost Cost of No Goods units per Available for Sale ol Cost por unit Costol Goods Sold of units in dinding Inventory Cont per unit Ending Inventory sold $ 0 $0.00 s 0 Purchases December 7 December 14 December 21 Total 0 0.00 0 0 0.00 0 5 0 0 $ 0 0 $ 0 14 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 27 units for $20 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 17 units @ $8.00 cost 34 units $12.00 cost 27 units $14.00 cost Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method (Amour deducted should be indicated with a minus sign. Round cost per units to 2 decimals.) Answer is not complete. Periodic Wolghted Average #01 units sold LOST Goods Sola Avg. Cost Cost of Goods per unit Sold Purchase - December 7 Purchase - December 14 Purchase - December 21 Available for Sale December Sales Total Inventory on and Nol Cont Inventory units per unit Value 17S 8.00 $ 136 34 1200 40B 27 14.00 378 78 922 0 78 5 922 0 0 Part 4 of 4 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 27 units for $20 each 3.76 Joints Skiped Purchases on December 7 Purchases on December 14 Purchases on December 21 17 units $8.00 cost 34 units @ $12.00 cost 27 units $14.00 cost Monson sells 27 units for $20 each of the units sold, 14 are from the December 7 purchase and 13 are from the December 14 purchase Determine the costs assigned to ending inventory when costs are assigned based on specific identification Answer is not complete. Specite Edification Co of Good Sold Inventory Balance of Castropod Available for Sale Costo Cou # of Goods units per Available unit for Sale Cost por Cost of Goods Sold olunks in ending inventory Cost per Ending Inventory sold 0 $ S 0 $ 0 S 0.00 0.00 0 Purchases December 7 December 14 December 21 Total $0 00 0.00 0.00 0 0 0 0 0 0 $ 0 0 0 S 0 S