! Required information Use the following information for the Quick Study below (Static) (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 15 units for $20 each. Total Purchases on December 7 Purchases on December 14 Purchases on December 21 QS 5-17A (Static) 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. Purchases: December 7 December 14 December 21 Goods Available for Sale # of units 10 units @ $ 6 cost 20 units @ $12 cost 15 units @ $14 cost Cost per unit 10 $ 20 $ 15 $ 45 6.00 $ 12.00 14.00 Cost of Goods Available for Sale Weighted average - Periodic $ 60 240 210 510 Cost of Goods Sold # of units sold Average Cost per Unit Cost of Goods Sold # of units in ending inventory Ending Inventory Average Cost per unit Ending Inventory

Required information Use the following information for the Quick Study below (Static) (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 15 units for $20 each. QS 5-17A (Static) 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