Faculty - Mylam - Sam Hunt Cont S: Homework Assignment i 3f4 M Question 7-Ch 5: Homework A Redured information Use the Help Save & tomheducation.com ine towowing wormation appies to the questions arspayed Dow 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 $34 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 10 units @ $20.00 cost 20 units $26.00 cost 15 units $28.00 cost QS 5-13 (Algo) Perpetual: Inventory costing with weighted average LO P1 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.) c Weighted Average Perpetual Goods purchased Cost of Goods Sold Inventory Balance Date Rof unite Cost per unit inventory Value units Cost per Cost of Goods Sold of sold unit of unita Cost per unit Inventory Balance December 7 10 $20.00 200.00 205 25.00 December 14 $20.00 Average cost December 14 10 at 20 26.00 $20,00 $ 520.00 December 15 December 21 Average cost December 21 Totale 2 17 93 $ 0.00 15 15 28.00 $ 420.00 at at $ 28.00 0 0.00 < Prev 7 of 21 Next > dE 45 54 <81 2