! Required information [The following information applies to the questions displayed below.) Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Monson uses a periodic inventory system. Also, on December 15, Monson sells 29 units for $45 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 19 units @ $18.00 cost 35 units @ $27.00 cost 29 units @ $32.00 cost Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. Note: Round cost per units to 2 decimal places. Weighted average - Periodic Goods Available for Sale Cost of Goods Sold # of units Cost per unit Cost of Goods Available for Sale # of units sold Average Cost per Unit Cost of Goods Sold # of units in ending inventory Ending Inventory Ending Average Cost per unit Inventory Purchases: December 7 19 $ 18.00 $ 342 + December 14 35 $ 27.00 945 December 21 29 $ 32.00 928 Total 83 $ 19.86 $ 2,215 29 $ 0.64 $ 18.56 54 $ 19.86 $ 1,072.44

! Required information [The following information applies to the questions displayed below.) Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Monson uses a periodic inventory system. Also, on December 15, Monson sells 29 units for $45 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 19 units @ $18.00 cost 35 units @ $27.00 cost 29 units @ $32.00 cost Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. Note: Round cost per units to 2 decimal places. Weighted average - Periodic Goods Available for Sale Cost of Goods Sold # of units Cost per unit Cost of Goods Available for Sale # of units sold Average Cost per Unit Cost of Goods Sold # of units in ending inventory Ending Inventory Ending Average Cost per unit Inventory Purchases: December 7 19 $ 18.00 $ 342 + December 14 35 $ 27.00 945 December 21 29 $ 32.00 928 Total 83 $ 19.86 $ 2,215 29 $ 0.64 $ 18.56 54 $ 19.86 $ 1,072.44

Name: i need the answer quickly !Required information[The following informat
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Description: i need the answer quickly !Required information[The following information applies to the questions displayed below.)Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases.Monson uses a period

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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