ezto.mheducation.com C + x Question 7 - Ch.5 Quick Study Quiz - Connect e. educibly.com - Order #3145400 Ch.5 Quick Study Quiz i Saved Help Save & Exit Submit 7 Required information [The following information applies to the questions displayed below.] Part 3 of 3 A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 380 units. Ending inventory at January 31 totals 150 units. Units Unit Cost Beginning inventory on January 340 $ 3.30 04:17:4 Purchase on January 9 80 3.50 Purchase on January 25 110 3.60 Assume the perpetual inventory system is used. 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.) Weighted Average - Perpetual: Goods purchased Cost of Goods Sold nventory Balance Date Cost per # of # of units Cost per Cost of Goods Inventory unit units Sold # of units Cost per unit sold unit Balance January 1 January 9 Average cost January 9 0.00 January 25 Average cost January 25 January 26 Total January 26 Grav ezto.mheducation.com C + x Question 10 - Ch.5 Quick Study Quiz - Connect e. educibly.com - Order #3145400 Ch.5 Quick Study Quiz i Saved Help Save & Exit Submit 10 Required information [The following information applies to the questions displayed below.] Part 3 of 3 A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 300 units. Ending inventory at January 31 totals 130 units Units Unit Cost Beginning inventory on January 1 270 $ 2.50 04:17:19 Purchase on January 9 60 2.70 Purchase on January 25 100 2.84 Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round per unit costs to 2 decimal places.) Weighted average - Periodic Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods # of units Cost per unit Available for as # of units Average Cost of # of units Cost per in ending Average Ending Sale sold Unit Goods Sold inventory Cost per unit Inventory Beginning inventory Purchases: January 9 January 25 Total 0 $ $ 0.00 $ 0.00 Grav ezto.mheducation.com C + x Question 16 - Ch.5 Quick Study Quiz - Connect e. educibly.com - Order #3145400 Ch.5 Quick Study Quiz i Saved Help Save & Exit Submit 16 Required information [The following information applies to the questions displayed below.] Part 2 of 4 Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Monson uses a periodic inventory system. Also, on December 15, Monson sells 15 units for $50 each. Purchases on December 7 8 units @ $20.00 cost Purchases on December 14 $30.00 cost 8 04:16:46 Purchases on December 21 15 units @ $36.00 cost Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. Periodic LIFO: Cost of Goods Available for Sale Cost of Goods Sold Inventory Balance Cost Cost of Goods| # of # of units Available for Cost Cost of # of units Goods in ending Cost units Ending per unit Sale sold per unit Sold inventory per unit Inventory Purchases: December 7 $ 0.00 $ o 0 December 14 0.00 December 21 5 0.00 Total $ O $ 0 $ Grav ezto.mheducation.com C + x Question 18 - Ch.5 Quick Study Quiz - Connect e. educibly.com - Order #3145400 Ch.5 Quick Study Quiz i Saved Help Save & Exit Submit 18 Required information [The following information applies to the questions displayed below.] Part 4 of 4 Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Monson uses a periodic inventory system. Also, on December 15, Monson sells 15 units for $50 each. Purchases on December 7 8 units @ $20.00 cost Purchases on December 14 17 units @ $30.00 cost 04:16:33 Purchases on December 21 15 units @ $36.00 cost Of the units sold, 6 are from the December 7 purchase and 4 are from the December 14 purchase. Determine the costs assigned to ending inventory when costs are assigned based on specific identification Specific Identification Goods Available for Sale Cost of Goods Sold Ending Inventory Cost Cost of Goods | # of Cost of # of units # of units Available for units Cost Goods Cost Ending per unit in ending Sale sold per unit Sold inventory per unit Inventory Purchases: December 7 $ 0.00 $ 0 $ 0.00 $ 0 December 14 0.00 0.00 ooo December 21 0.00 Total $ 0 $ Grav