Question: Seved Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three
Seved 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 Also, on December 15, Monson sells 10 units for $50 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 8 units $28.00 cost 17 units $30.00 cost 15 units $36.80 cost QS 6-10 Perpetual: Assigning costs with FIFO LO P Required: Monson uses a perpetual Inventory system. Determine the costs assigned to the December 31 ending inventory based method Perpetual EIFO Goods Purchased Cost of Goods Sold #of_T #of Units Cost Per Unit Cost Per Inventory Balance Cost Per Cost of Goods | Sold Goods Units Uni # of Units Date Unit Sold December 7 820.00 s 160.00 Decomton 117 3000 510.00 17$ 3000s 510 00 Docember 15 Prex 89 10 or 19Next DELL 15W23
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