Please Please help me solve this in less than 30 minutes, i really need helping...
60.1K
Verified Solution
Question
Accounting
Please Please help me solve this in less than minutes, i really need helping understanding this In time for my test!!!! The following information applies to the questions displayed below. 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:tableDateDecember Goods purchased,Cost of Goods Sold,Inventory Balancetable# ofunitsCost per unit,Inventory Value,table# ofunitssoldtableCost perunittableCost of GoodsSold# of units,Cost per unit,tableInventoryBalance$December $Average cost December December $December $Average cost December Totals Required information The following information applies to the questions displayed below. 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 Of the units sold, are from the December purchase and are from the December purchase. Determine the costs assigned to ending inventory when costs are assigned based on specific identification. tableSpecific IdentificationGoods Available for Sale,Cost of Goods Sold,Ending Inventory# of units,tableCost perunittableCost of GoodsAvailable forSaletable# ofunitssoldtableCostper unittableCost ofGoods Soldtable# of unitsin endinginventorytableCost perunittableEndingInventoryPurchases:December $$$$$
Please Please help me solve this in less than minutes, i really need helping understanding this In time for my test!!!!
The following information applies to the questions displayed below.
Trey Monson starts a merchandising business on December and enters into the following three inventory purchases. Monson uses a perpetual inventory system. Also, on December Monson sells units for $ each.
Purchases on December units @ $ cost
Purchases on December units @ $ cost
Purchases on December units @ $ cost
Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method.
Note: Round your per unit costs to decimal places.
tableWeighted Average Perpetual:tableDateDecember Goods purchased,Cost of Goods Sold,Inventory Balancetable# ofunitsCost per unit,Inventory Value,table# ofunitssoldtableCost perunittableCost of GoodsSold# of units,Cost per unit,tableInventoryBalance$December $Average cost December December $December $Average cost December Totals
Required information
The following information applies to the questions displayed below.
Trey Monson starts a merchandising business on December and enters into the following three inventory purchases.
Monson uses a perpetual inventory system. Also, on December Monson sells units for $ each.
Purchases on December units @ $ cost
Purchases on December units @ $ cost
Purchases on December units @ $ cost
Of the units sold, are from the December purchase and are from the December purchase. Determine the costs assigned to ending inventory when costs are assigned based on specific identification.
tableSpecific IdentificationGoods Available for Sale,Cost of Goods Sold,Ending Inventory# of units,tableCost perunittableCost of GoodsAvailable forSaletable# ofunitssoldtableCostper unittableCost ofGoods Soldtable# of unitsin endinginventorytableCost perunittableEndingInventoryPurchases:December $$$$$
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.