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Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three Inventory

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Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three Inventory purchases Also, on December 15, Monson sells 10 units for $50 each Purchases on December units$20.00 cost Purchases on December 14 17 units $30.00 cost Purchases on Decenber 21 15 units $36.00 cost OS 5-12 Perpetual: Inventory costing with weighted average LO P1 Required: Monson selis 10 units for $50 each on December 15. Monson uses a perpetual nventory system Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. IRound your per unit costs to 2 decimal places.) age- P Cost of Geeds Sold ofldl#of units units Cest per Cost of soldunit Goods Sold Cost per Inventory of : Cost per 1 Inventory $ 0.00 S 0.00 S 0.00 of9lil Next >

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