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Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 28
Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 28 units for $35 each. Purchases on December 7. Purchases on December 14 Purchases on December 21 18 units 33 units $14.00 cost $21.00 cost 28 units @ $25.00 cost QS 5-12 Perpetual: Inventory costing with weighted average LO P1 Required: Monson sells 28 units for $35 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 placem Weighted Average Perpetual: Goods purchased Date # of units Cost per unit # of Inventory Value units sold Cost of Goods Sold Inventory Balance Cost per unit Cost of Goods Sold Cost per Inventory # of units unit Balance December 7 December 14 Average cost o search O II < Prev 10 of 17 Next >
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