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M$5.$ Assignment Inventory and Special Journals $($i$)$

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Required information

The following information opplies to the questions displayed below.

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 $$33$ each.

Purchases on December $7$

Purchases on December

Purchases on Decenber $21$

Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method

Note: Round your pe

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Required information

$[$The following information applies to the questions displayed below$]$

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 $$33$ each.

Purchases on Decenber $7$

Purchases on December $14$

Purchases on December $21$

$10$ units e $$19\mathrm{.}00$ cost

$20$ units e $$25\mathrm{.}00$ cost

$15$ units e $$27\mathrm{.}00$ cost

Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method.

Note: Round your per unit costs to $2$ decimal places.

$\backslash$table$[[$Goods and Services,Elasticity of Price$],[$Housing$,0\mathrm{.}12],[$Transatlantic air travel $($economy class$),0\mathrm{.}12],[$Rail transit $($rush hour$),0\mathrm{.}15],[$Electricity$,0\mathrm{.}20],[$Taxi cabs,$0\mathrm{.}22],[$Gasoline$,0\mathrm{.}35],[$Transatlantic air travel $($first class$),0\mathrm{.}40],[$Wine$,0\mathrm{.}55],[$Beef$,0\mathrm{.}59],[$Transatlantic air travel $($business class$),0\mathrm{.}62],[$Kitchen and household appliances,$0\mathrm{.}63],[$Cable TV $($basic rural$),0\mathrm{.}69],[$Chicken$,0\mathrm{.}64],[$Soft drinks,$0\mathrm{.}70],[$Beer$,0\mathrm{.}80],[$New vehicle,$0\mathrm{.}87],[$Rail transit $($off$-$peak$),1\mathrm{.}00],[$Computer$,1\mathrm{.}44],[$Cable TV $($basic urban$),1\mathrm{.}51],[$Cable TV $($premium$),1\mathrm{.}77],[$Restaurant meals,$2\mathrm{.}27]]$

For your initial post: Choose any two of the products included in the table and their estimated price elasticity of demand. For each product:

State the good or service, its estimated price elasticity of demand from the table, and your interpretation.

Is the numerical estimate showing elastic or inelastic demand? energy$-$saving adjustments can be made.