Question: ! Required information Use the following information for the Quick Study below. ( Algo ) ( 1 5 - 1 8 ) [ The following

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Required information
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 $50 each.
Purchases on December 720 units @ $20.00 cost
Purchases on December 14,34 units a $30.00 cost
Purchases on December 21.30 units @ $36.00 cost
QS 6-17A (Algo) Periodic: Inventory costing with weighted average LO P3
Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method.
Note: Round cost per units to 2 decimal places.
\table[[Weighted average - Periodic],[,Goods Available for Sale,Cost of Goods Sold,Ending Inventory],[,# of units,\table[[Cost per],[unit]],\table[[Cost of Goods],[Available for],[Sale]],\table[[# of units],[sold]],\table[[Average],[Cost per],[Unit]],\table[[Cost of],[Goods Sold]],\table[[# of units],[in ending],[inventory]],\table[[Average],[Cost per unit]],\table[[Ending],[Inventory]]],[Purchases:,,,i,,,,,,],[December 7,,,,,,,,,],[December 14,,,,,,,,,],[December 21,,,,,,,,,],[Total,5,,,,,,,,]]
 ! Required information Use the following information for the Quick Study

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