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Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Monson uses a perpetual inventory system. Also, on
Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Monson uses a perpetual inventory system. Also, on December 15 , Monson sells 15 units for $39 each. Purchases on December 710 units @ \$25.00 cost Purchases on December 1420 units @ $31.00cost Purchases on December 2115 units @ $33.00 cost S 5-12 (Algo) Perpetual: Inventory costing with LIFO LO P1 etermine the costs assigned to ending inventory when costs are assigned based on the LIFO method. Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Monson uses a perpetual inventory system. Also, on December 15, Monson sells 15 units for $39 each. 2S 5-13 (Algo) Perpetual: Inventory costing with weighted average LO P1 etermine the costs assigned to ending inventory when costs are assigned based on the weighted average method. lote: Round your per unit costs to 2 decimal places. Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Monson uses a perpetual inventory system. Also, on December 15, Monson sells 15 units for $39 each. 2S 5-14 (Algo) Perpetual: Inventory costing with specific identification LO P1 f the units sold, 8 are from the December 7 purchase and 7 are from the December 14 purchase. Determine the costs assigned to ending inventory when costs are assigned based on specific identification
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