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Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 1 5 , Monson sells
Trey Monson starts a merchandising business on December and enters into the following three inventory purchases. Also, on December Monson sells units for $ each.
tablePurchases on December units @ $ costPurchases on December units @ $ costPurchases on December units @$ cost
Required:
Monson sells units for $ each on December 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 decimal places.
tableWeighted Average Perpetual:DateGoods purchased,Cost of Goods Sold,Inventory Balancetable# ofunitstableCost perunittableInventoryValuetable# ofunitssoldtableCost perunittableCost ofGoods Sold# of units,tableCost perunittableInventoryBalanceDecember December Average costDecember December Average costTotals
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