Question: Required information Use the following information for the Quick Study below Trey Monson starts a merchandising business on December 1 and enters into the following

 Required information Use the following information for the Quick Study below

Required information Use the following information for the Quick Study below Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases Also, on December 15, Monson sells 29 units for $50 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 19 units $20.00 cost 36 units $30.00 cost 29 units $36.00 cost QS 6-12 Perpetual: Inventory costing with weighted average LO P1 Required Monson sells 29 units for $50 each on December 15. Monson uses a perpetual inventory system. 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.) Weighted Average- Perpetual: #of Cost per Inventory units #of units Cost per Cost of sold unit Goods Sold ! # of units[Costper Inventory Date unit Value unit Balance December S 0.00 December 14 S 0.00 S 0.00 Average cost December 15 December 21 $ 0.00 S 0.00 Average cost Totals $ 0.00

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