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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




Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round your pe
Related Book For  answer-question

Fundamental Accounting Principles

22nd edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

ISBN: 978-0077862275