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! Required information Trey Monson starts a merchandising business on December 1 and enters into the following three inventorPerpetual FIFO: Inventory Balance Goods Purchased Cost Per Goods Unit Purchased # of Units Cost of Goods Sold # of Cost Per C

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Answer #1
Date # of units Cost per unit Goods Purchased # of units sold Cost per unit Cost of Goods sold # of units Cost per unit Inventory Balance
December 7 13 @ $12 = $156 @ = 13 @ $12 = $156
December 14 30 @ $18 = $540 13 @ $12 = $156
30 @ $18 = $540
$696
December 15 13 @ $12 = $156 20 @ $18 = $360
10 @ $18 = $180
$336
December 21 23 @ $22 = $506 20 @ $18 = $360
23 @ $22 = $506
Totals $        866
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