21 Required information Use the following Information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three Inventory purchases. Also, on December 15, Monson sells 18 units for $10 each. It 2 of Purchases on December 7 Purchases on December 14 Purchases on December 21 units 26 units 18 units $4.80 cost $6.ee cost $7.00 cost QS 5-11 Perpetual: Inventory costing with LIFO LO P1 To 10 f Required: Monson sells 18 units for $10 each on December 15. Monson uses a perpetual Inventory system. Determine the costs assigned to the December 31 ending Inventory when costs are assigned based on LIFO. Perpetual UFO Inventory Balance Goods purchased Cost per Cost of Goods un Available for Sale of units Cost of Goods Sold of its Cost per Cost of Sold Goods Sold Date of units Cost per unit Inventory Balance December December 14 December 16 1 05 Homework Required information Use the following Information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three Inventory purchases. Also, on December 15, Monson sells 18 units for $10 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 units 26 units 18 units $4.ee cost 56.00 cost 57.00 cost QS 5-12 Perpetual: Inventory costing with weighted average LO P1 for 8. Required: Monson sells 18 units for $10 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.) Inventory Balance Weighted Average - Perpetual Goods purchased of Cost per Inventory units unit Value Cost of Goods Sold of cost units Cost per cost of sof units cost per Inventory of units cost per Inventory unt Goods Sold December December 14 Average cost December 15 December 21