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Determine the costs assigned to ending inventory

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Question - Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 25 units for $45 each.

Purchases on December 715 units @ $18.00 cost

Purchases on December 1430 units @ $27.00 cost

Purchases on December 2125 units @ $32.00 cost

Required - Monson sells 25 units for $45 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.

Reference no: EM132707674

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