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Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 28 units for $50 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 18 units @ $20.00 cost 32 units @ $30.00 cost 28 units @ $36.00 cost Required: Monson sells 28 units for $50 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 purchased # of Cost per Date Inventory units unit Cost of Goods Sold # of Cost per units Cost of unit sold Goods Sold Inventory Balance Cost per Inventory # of units unit Balance Value December 7 December 14 Average cost December 15 December 21 Average cost Totals}

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Weighted average method-perpetual Cost of goods purchase Date Unit Price Total Dec-07 18 20 3601 Cost of goods sold Unit Price Total Inventory balance Unit Price Total 181 20 360 Dec-14 321 301 960 18 20 360 32 30 960 Average cost 50 26.40 1320 Dec-15 28 26.40 739.20 22 26.40 580.80 Dec-21 28 36 1008 22 26.4 580.8 1008 28 36 50 31.78 1588.80 Totals 78 2328 28 739.2 50 31.78 1588.80

Specific indentification method-perpetual Cost of goods purchase Cost of goods sold Date Unit Price Total Unit Price Total Dec-07 18 20 360 Unit Inventory balance Price Total 181 20 360 Dec-141 32 30 960 18 20 360 960 32 30 1320 Dec-15 14 280.00 4 20.00 80 20.00 30.00 14 420.00 18 30.00 540 Dec-21 28 36 1008 4 20 30 80 540 18 28 36 1008 Totals 78 2328 28 700 50 1628