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Trey Monson starts a merchandising business on December and enters into the following three inventory purchases. Monson uses a periodic inventory system. Also, on December Monson sells units for $ each.
tablePurchases on December units @ $ costPurchases on December units @ $ costPurchases on December units @ $ cost
Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method.
Note: Round cost per units to decimal places.
tableWeighted average PeriocicGoods Available for Sale,Cost of Goods Sold,Ending Inventory# of units,tableCost perunittableCost of GoodsAvailable forSaletable# of unitssoldtableAverageCost perUnittableCost ofGoods Soldtable# of unitsin endinginventorytableAverageCost per unittableEndingInventoryPurchases:December December P
