Trey Monson starts a merchandising business on December 1 and enters into the following three inventory...

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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 $33 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 Date Required: Determine the costs assigned to the December 31 ending inventory based on the FIFO method. December 7 December 14 Total December 14 December 15 10 unita $19.00 cost $25.00 cost $27.00 cost 20 units 15 units # of Units Goods Purchased Cost Per Unit Goods Purchased Perpetual FIFO # of Units Sold Cost of Goods Sold Cost Per Cost of Goods Unit Sold Inventory Balance Cost Per Unit # of Units Inventory Balance B of 4 47.59 Purchases on December 21 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.) Date December 7 December 14 Average cost December 14 December 15 December 21 Average cost December 21 Totals 15 units $27.00 cont #of units Weighted Average Perpetual: Goods purchased #of Cost per unit Inventory Value units sold Cost of Goods Sold Cost per Cost of Goods. Sold unit Inventory Balance of units Cost per unit Inventory Balance 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 $33 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 Date Required: Determine the costs assigned to the December 31 ending inventory based on the FIFO method. December 7 December 14 Total December 14 December 15 10 unita $19.00 cost $25.00 cost $27.00 cost 20 units 15 units # of Units Goods Purchased Cost Per Unit Goods Purchased Perpetual FIFO # of Units Sold Cost of Goods Sold Cost Per Cost of Goods Unit Sold Inventory Balance Cost Per Unit # of Units Inventory Balance B of 4 47.59 Purchases on December 21 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.) Date December 7 December 14 Average cost December 14 December 15 December 21 Average cost December 21 Totals 15 units $27.00 cont #of units Weighted Average Perpetual: Goods purchased #of Cost per unit Inventory Value units sold Cost of Goods Sold Cost per Cost of Goods. Sold unit Inventory Balance of units Cost per unit Inventory Balance

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