16 Part 3 of 4 Required information 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 15 units $18.00 cost 29 units @ $27.00 cost 25 units @ $32.00 cost Required: Monson sells 25 units for $45 each on December 15. Assume the periodic 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 units to 2 decimals.) Periodic Weighted Average Answer is not complete. Inventory on hand Cost of Goods Sold #of Cost Inventory # of Cost of Avg.Cost units per unit units Value Goods sold per unit Sold 15 $ 18.00 $ 270 29 27.00 783 25 32.00 800 69 0.00 1,853 Purchase - December 7 Purchase - December 14 Purchase - December 21 Available for Sale MC Graw Hill Part 3 of 4 Required: Monson sells 25 units for $45 each on December 15. Assume the periodic 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 units to 2 decimals.) points Answer is not complete. Periodic Weighted Average Cost of Goods Sold Avg. Cost Cost of per unit Goods Sold # of units sold Value Purchase - December 7 Purchase December 14 Purchase - December 21 Available for Sale December Sales Total Inventory on hand of Cost Inventory units per unit 155 18.00 $ 270 29 27.00 783 25 32.00 800 69 0.00 1.853 (25) 0.00 0 44 S 1,853 5 0.00 0 25 25 S 0 ME Graw Hill