Question

Check my 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 25 units for $45 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 15 units @ $18.00 cost 30 units $27.00 cost 25 units @ $32.00 cost QS 5-12 Perpetual: Inventory costing with weighted average LO P1 Required: Monson sells 25 units for $45 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.) Inventory Balance Weighted Average - Perpetual: Goods purchased # of Date Cost per Inventory units unit Value Cost of Goods Sold # of Cost per Cost of units unit Goods Sold sold # of units Cost per unit Inventory Balance December 7 $ 0.00 < Prev 3 4 of 8 Next > MacBook Pro

Answer 1

Goods Purchased Cost of goods sold Inventory Value Date No of Units Cost per unit Inventory Value No of Units Cost per unit Cost of goods sold No of Units Cost per unit Inventory Value 7-Dec 15 $ 18.00 $ 270.00 15 $ 18.00 $ 270.00 14-Dec 30 $ 27.00 $ 810.00 15 $ 30 $ 45 $ 18.00 $ 27.00 $ 24.00 $ 270.00 810.00 1,080.00 15-Dec 25 $ 24.00 $ 600.00 20 $ 24.00 $ 480.00 21-Dec 25 $ 32.00 $ 800.00 20 $ 25 $ 45 $ 24.00 $ 32.00 $ 28.44 $ 480.00 800.00 1,280.00 Totals $ 600.00 Note : Do Comment For Any Further Assistance