# 6 Safari File Edit View History Bookmarks Window Help 9 L2 4;” 909493- Tue12:35AM Q o r i O O O lt; l gt; El] newconnectmheducationcom c o 3 .31…

6 Safari File Edit View History Bookmarks Window Help 9 L2 4;“ 909493- Tue12:35AM Q o r i O O O < l > El] ﬂnewconnectmheducationcom c o 3 .31 Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 7 Use the following information for the Quick Study below. Trey Morison starts a merchandising business on Decemberi and enters into the following three inventory purchases,Also, on December 15, Morison sells 27 units for \$20 each. Part4ol4 — Purchases on December 7 17 units a \$8.00 cost.Purchases on December 14 34 units E \$12.00 costPurchases on December 21 27 units a \$14.00 cost 10 ‘ points 05 5-13 Perpetual: Inventory costing with specific identification L0 P1 Required: Morison sells 27 units for \$20 each on December 15. Of the units sold, 14 are from the December 7 purchase and 13 are from theDecember 14 purchase. Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 endinginventory when costs are assigned based on speciﬁc identiﬁcation. 0 Answer is not complete.ifil niﬁ ill—Pf I:December _ \$ -7 179 @ \$ 3.009 – 136.00 \$8.009 -December \$ _ 3 _14 349 @ 12.009 ‘ 408.00 @ ”’00 ‘\$ [email protected] 12,00 ‘\$ 0.00\$§°ember 140 @ 5 8.000 = \$112.00 @ s 8.00 =139 @ \$12.000 = 3156-00 @ \$12.00 =December 5 3 _21 270 @ 14.00 373.00 30 @ \$3.00 — 3 24.00219 @ \$1200 = 252.00279 @ \$14.00 = 378.00Totals \$268.00 \$654.00 Mc ewe ﬁr’iiw ( Prev ‘ 7 ‘of 7 Next

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