Required information Use the following information for the Quick Study below. (Algo) (11-14) [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 perpetual inventory system. Also, on December 15, Monson sells 15 units for $36 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 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. Note: Round your per unit costs to 2 decimal places. December 7 Date December 14 December 21 Average cost December 14 December 15 # of units 10 units @ $22.00 cost 20 units @ $28.00 cost 15 units @ $30.00 cost Goods purchased 15 at Cost per unit 10 at $ 22.00 20 at $ $ 28.00 = 30.00 = Inventory Value $ $ Weighted Average - Perpetual: $ 220.00 560.00 450.00 # of units sold 15 at Cost of Goods Sold Cost per Cost of Goods unit Sold $ 45.00 = $ 675.00 # of units 10 at 10 at 20 at 30 at 10 at: 10 at Inventory Balance Cost per unit $ $ $ $ 22.00 = 22.00 28.00 = 27.33 = 11 Inventory Balance $ $ $ 220.00 220.00 560.00 780.00

Required information Use the following information for the Ouick Study below. (Algo) (11-14) [The following information applies to the questions displayed below] Troy 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 $36 each. Purchases on Decteber 7 Purchases on Decenber 14 Purchases an Decenber 21 10 units e $22.00 cost 20 units e $28.00 cost is units e $30.00 cost OS 5.13 (Algo) Perpetual: Inventory costing with weighted average LO P1 Determine the costs assigned to ending imventory when costs are assigned based on the weighted average method: Note: Round your per unit costs to 2 decimal places