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Trey Monson starts a merchandising business on December and enters into the following three inventory purchases. Monson uses a perpetual inventory system. Also, on December Monson sells units for $ each.
Purchases on December units @ $ cost
Purchases on December units @ $ cost
Purchases on December units @ $ cost
Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method.
Note: Round your per unit costs to decimal places.
tableWeighted Average Perpetual:December Goods purchased,Cost of Goods Sold,Inventory Balancetable# ofunitsCost per unit,Inventory Value,table# ofunitssoldtableCost perunittableCost of GoodsSold# of units,Cost per unit,tableInventoryBalanceAverage cost December Average cost December December Average cost December tableAverage cost December TotalsTotalstheses,,,
