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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 23 units

Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 23 units for $30 each.

Purchases on December 713 units @ $12.00 cost

Purchases on December 1430 units @ $18.00 cost

Purchases on December 2123 units @ $22.00 cost

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Required: Monson sells 23 units for $30 each on December 15. Monson uses a perpetual inventory system. Determine the costs assigned to en nding inventory when costs are assigned based on the weighted average method. (Round your per unit costs to 2 decimal places.) Weighted Average - Perpetua Goods purchased Cost of Goods Sold Inventory Balance # of Cost per Inventory # of Date units Cost per Cost of # of units Cost per Inventory units unit Value sold unit Goods Sold unit Balance December 7 $ 0.00 December 14 $ 0.00 Average cost $ 0.00 December 15 0.00 December 21 $ 0.00 Average cost Totals $ 0.00

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