Monson sells 29 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.)

The complete question:

Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 29 units for $50 each.

Purchases on December 720 units at $20.00 each

Purchases on December 1434 units at $30.00 each

Purchases on December 2130 units at $36.00 each

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.)

Date                         Quantity    Unit Cost     Total  Cost

Dec. 7 Purchase                   20       $20                 $400

Dec. 14 Purchase               34         30                 1,020

Total                               54         26.30       $1,420 .20

Dec. 15 Sale                      -29         26.30          -762.70

Dec 15 Balance               25         26.30         $657.50

Dec. 21 Purchase                 30              36                   1,080

Dec. 21 Available                 55              31.59            $1,737.50

Dec. 31 Ending Inventory  55             $31.59          $1,737.50

Explanation:

To use the weighted average method, we divide the cost of goods available for sale by the number of units available for sale, which yields the weighted-average cost per unit.  The cost of goods available for sale is the sum of beginning inventory and net purchases.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

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