Question: question attached Use the following information for the Quick Study below. (Algo) (15-18) [The following information applies to the questions displayed below) Trey Monson starts

question attached
question attached Use the following information for the Quick Study below. (Algo)

Use the following information for the Quick Study below. (Algo) (15-18) [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 periodic inventory system. Also, on December 15, Monson sells 30 units for $35 each. Purchases on December 7 20 units & $14.00 cost 36 units $21.00 cost Purchases on December 14 Purchases on December 21 30 units @ $25.00 cost QS 5-18A (Algo) Periodic: Inventory costing with specific identification LO P3 of the units sold, 16 are from the December 7 purchase and 14 are from the December 14 purchase. Determine the costs assigned to ending Inventory when costs are assigned based on specific identification Spacitis Identification Goods Available for Sale Cost of Goods Sold Cost of Goods #of Cost per Cost Cost of # of units Available for units unit Sale per unit Goods Sold Ending inventory of units Cost per Ending In ending unit Inventory Inventory sold 20 0 $ 14.00 280 $ $14.00 $ 21.00 0 Purchases: December 7 December 14 December 21 Total 36 30 86 21.00 25.00 756 750 1,786 $ 14.00 $ 21.00 25.00 $ O O OO 0 $ 0 0 0 $

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