Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 25 units for $45 each.

Purchases on December 7 15 units @ $18.00 cost

Purchases on December 14 30 units @ $27.00 cost

Purchases on December 21 25 units @ $32.00 cost

Required:

Monson sells 25 units for $45 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.)

ding inventory when costs are assigned based on the weighted average method. (Round your per unit costs Weighted Average - Perpetual: Goods purchased Inventory Balance # of units Cost per unit Date Cost of Goods Sold # of Cost of units unit Goods Sold sold Inventory Value Cost per Cost per #of units Inventory Balance unit December 7 December 14 Average cost December 15 December 21 Average cost Totals Piem Next >