Hi could you please do all parts :) Required information Trey Monson starts a me

Question

Hi could you please do all parts :)

Required information Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases Also, on December 15, Monson sells 26 units for $25 each Purchases on December 7 Purchases on December 14 Purchases on December 21 16 units $10.00 cost 33 units $15.00 cost 26 units $18.00 cost Required Monson sells 26 units for $25 each on December 15. Monson uses a perpetual inventory system. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round your per unit costs to 2 decimal places.) Weighted Average Perpetual: Goods purchasec Cost of Goods Sold Inventory Balance # of units # of C units cost per Cos ost per Inventory Cost of tper Inventory Balance Date Goods Sold! #of units unit Value unit unit December 7 December 14 Average cost December 15 December 21 Average cost Totals

Explanation / Answer

Weighted Average : Perpetual

Specific Identification : Perpetual

Bank Reconciliation :

Date # of units purchased Cost per Unit Inventory Value # of units sold Cost per Unit Cost of Goods Sold # of units Cost per Unit Inventory Balance Dec 7 16 $ 10 $ 160 16 $ 10 $ 160 Dec 14 33 $ 15 $ 495 33 $ 15 $ 495 49 $ 655 Average Cost $ 13.37 Dec 15 26 $ 13.37 $ 347.62 23 307.38 Dec 21 26 $ 18 $ 468 26 $ 468 49 775.38 Average Cost $ 15.82 Totals 75 $ 1,123 26 $ 347.62 49 $ 775.38

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