weighted average perpetual

Required information 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 7 Purchases on December 14 Purchases on December 21 8 units $20.ee cost 17 units @ $30.00 cost 15 units @ $36.00 cost QS 5-12 Perpetual: Inventory costing with weighted average LO P1 Required: Monson sells 10 units for $50 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.) Goods purchased Cost per Inventory unit Value Cost of Goods Sold # of Cost per Cost of units unit sold Goods Sold # of Inventory Balance Cost per Inventory # of units unit Balance Date units December 7 8 @ $ 20.00 $ 160.00 8@ $ 20.00 = $ 160.00 December 14 171 $ 30,00 - $ 510.00 8 @ $ 20.00 = $ 160.00 171 $ 30.00 = 510.00 25 @ $ 670.00 Average cost December 15 $ 0.00 December 21 151 $36.00 $ 540.00 @ $36.00 = Average cost 0 Totals $ 0.00