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Accounting

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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 15 units for $20 each.
\table[[Purchases on December 7,10 units @ $6 cost],[Purchases on December 14,20 units @ $12 cost],[Purchases on December 21,15 units @ $14 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.
\table[[Weighted average - Periocic],[,Goods Available for Sale,Cost of Goods Sold,Ending Inventory],[,# of units,\table[[Cost per],[unit]],\table[[Cost of Goods],[Available for],[Sale]],\table[[# of units],[sold]],\table[[Average],[Cost per],[Unit]],\table[[Cost of],[Goods Sold]],\table[[# of units],[in ending],[inventory]],\table[[Average],[Cost per unit]],\table[[Ending],[Inventory]]],[Purchases:],[December 7,,_,,,,4,,,],[December 14,P,,+,,,,,s,x2
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