requirea iniormation [The following information applies to the questions displayed below.] Trey...

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Accounting

requirea iniormation
[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 perpetual inventory system. Also, on December 15, Monson sells 15 units for $28 each.
Purchases on December 7,10 units a $14.00 cost
Purchases on December 1420 units @ $20.00 cost
Purchases on December 21,15 units @ $22.00 cost
Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method.
\table[[Perpetual LIFO:],[Date,Goods purchased,Cost of Goods Sold,Inventory Balance],[# of units,\table[[\table[[Cost per],[unit]]],[$14.00Required 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 perpetual inventory system. Also, on December 15, Monson sells 15 units for $28 each.
\table[[Purchases on December 7,10 units @ $14.00 cost],[Purchases on December 14,20 units @ $20.00 cost],[Purchases on December 21,15 units @ $22.00 cost]]
Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method.
Note: Round your per unit costs to 2 decimal places.
\table[[Weighted Average - Perpetual:],[Date,Goods purchased,Cost of Goods Sold,Inventory Balance],[\table[[# of],[units]],Cost per unit,Inventory Value,\table[[# of],[units],[sold]],\table[[Cost per],[unit]],\table[[Cost of Goods],[Sold]],# of units,Cost per unit,\table[[Inventory],[Balance]]],[December 7,$,0.00,,,,],[Desember 14,,,$,0.00,,,,,,],[Average cost December 14,,,,,,,,,,0.00],[December 15,,,,,,,0.00,,,],[Deromber 21,,,$,0.00,,,,,,],[,,,,,,,,,,],[Average cost December 21,,,,,,,,0,,],[Totals,,,,,,,0.00,,,]]
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