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Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases Purchases on December 7 Purchases on December 14
Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases Purchases on December 7 Purchases on December 14 Purchases on December 21 17 units 8.00 cost 34 units $12.00 cost 27 units 514.00 cos Monson sells 27 units for $20 each on December 15. Monson uses a perpetual inventory system 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) st # of | Cost per | Inventory units e of units stper! Inventory unit Balance Cost perCost of Date # of units unit sold unit | Goods Sold! 800138 178.00 130 3412.00408 51 | @ $ 2000! #! S 544 78.0013 December 14 12.00 Average cost 2000540.00 107 181.39 5 000 34 Average cost Totals 5540 ey Monson starts a merchandising business on December 1 and enters into the following three inventory 7 units S18.00 cost 33 units $24.00 cost 27 units $29.00 cost Purchases on December 21 onson sells 27 units for $40 each on December 15. Of the units sold, 14 are from the December 7 urchase and 13 are from the December 14 purchase. Monson uses a perpetual inventory system etermine the costs assigned to the December 31 ending inventory when costs are assigned based on ecific identfication #of |#of units Cost per unit Cost per | Cost of | of Cost per Inventory Date unitsnit Goods Solduts unit 7 16.00$272 3 0.00 S 0.00 otas
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