Question: f4 Required information Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the

f4 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 29 units for $50 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 19 units @ $20.00 cost 36 units @ $30.00 cost 29 units @ $36.00 cost ok ent int QS 5-12 Perpetual: Inventory costing with weighted average LO P1 ences Required: Monson sells 29 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.) Weighted Average - Perpetual: Goods purchased #of Cost per Inventory Date units unit Value Cost of Goods Sold of Cost per Cost of unit sold Goods Sold Inventory Balance Cost per Inventory # of units unit Balance units December 7 6 QS 5-12 Perpetual: Inventory costing with weighted average LO P1 + 3 of 4 Required: Monson sells 29 units for $50 each on December 15. Monson uses a perpetual inventory system. Determine the costs assign ending inventory when costs are assigned based on the weighted average method. (Round your per unit costs to 2 decima hts Weighted Average - Perpetual: Goods purchased Cost per Inventory Date units unit Value eBook # of Inventory Balance Cost per Inventory # of units unit Balance Cost of Goods Sold # of Cost per units Cost of sold unit Goods Sold Hint December 7 Print December 14 References Average cost December 15 December 21 Average cost Totals
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