Requlred Informatlon [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...


What's the cost per unit? tysm in advance!!


Requlred Informatlon<br>[The following Information applies to the questions displayed below.]<br>Trey Monson starts a merchandising business on December 1 and enters Into the following three Inventory purchases.<br>Monson uses a perlodic Inventory system. Also, on December 15, Monson sells 15 units for $20 each.<br>10 units e $ 6 cost<br>20 units e $12 cost<br>15 units @ $14 cost<br>Purchases on December 7<br>Purchases on December 14<br>Purchases on December 21<br>Determine the costs assigned to ending Inventory when costs are assigned based on the welghted average method. (Round cost per<br>unlts to 2 decimal places.)<br>Answer is complete but not entirely correct.<br>Weighted average - Periodic<br>Goods Available for Sale<br>Cost of Goods Sold<br>Ending Inventory<br>Cost of<br>Goods<br>Available<br>for Sale<br>Cost of<br>Goods<br>Sold<br># of<br>Average<br>Cost per<br>Unit<br># of units<br>in ending<br>inventory<br>Average<br>Cost per<br>unit<br># of<br>units<br>Cost per<br>units<br>sold<br>Ending<br>Inventory<br>unit<br>Purchases:<br>December 7<br>10<br>6.00<br>60<br>December 14<br>20<br>12.00<br>240<br>December 21<br>15<br>14.00<br>210<br>Total<br>45<br>1.40<br>S<br>510<br>15<br>S<br>11.33<br>$ 169.95<br>30<br>S<br>11.33<br>S 339.90<br>

Extracted text: Requlred Informatlon [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 perlodic Inventory system. Also, on December 15, Monson sells 15 units for $20 each. 10 units e $ 6 cost 20 units e $12 cost 15 units @ $14 cost Purchases on December 7 Purchases on December 14 Purchases on December 21 Determine the costs assigned to ending Inventory when costs are assigned based on the welghted average method. (Round cost per unlts to 2 decimal places.) Answer is complete but not entirely correct. Weighted average - Periodic Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Goods Sold # of Average Cost per Unit # of units in ending inventory Average Cost per unit # of units Cost per units sold Ending Inventory unit Purchases: December 7 10 6.00 60 December 14 20 12.00 240 December 21 15 14.00 210 Total 45 1.40 S 510 15 S 11.33 $ 169.95 30 S 11.33 S 339.90

Jun 11, 2022
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