1 Required Information Part 1 of 3 Trey Monson starts a merchandising business on December 1 and enters Into three inventory purchases: Purchases on December 7 Purchases on December 14 Purchases on December 21 8 units $20.00 cost 17 units $30.00 cost 15 units $36.00 cost points Required: Monson sells 15 units for $50 each on December 15. Assume the periodic inventory system is used. Determine the costs assigned to the December 31 ending inventory when costs are assigned based on FIFO. Hinn of Goods Cost of Goods | #of! Cost # of units # of units | unit Cost perAvailable for units sold Cost of in ending un Inventory inven Cost per Ending r unit Goods Sold Sale S 20.0o S 17 30.00 15 36.00 40 160 510 540 1.210 0 30.00 December 21 36.00 3 Required Information Part 3 of 3 Trey Monson starts a merchandising business on December 1 and enters Into three inventory purchases: 2 points Purchases on December 7 Purchases on December 14 Purchases on December 21 8 units $20.00 cost 17 units $30.00 cost 15 units $36.00 cost Required: Monson sells 15 units for $50 each on December 15. Assume the perlodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Amounts to be deducted should be indicated with a minus sign. Round cost per unlts to 2 decimals.) Hint on Cost per unit | Inventory # of units Avg-Cost per Cost of Goods Sold # of units Value sold unit Purchase December 7 Purchase December 14 Purchase December 21 Availableo for Salo December Sales Tota