23 of 4 Required information [The following information applies to the questions displayed below) Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Monson uses a perpetual inventory system. Also, on December 15, Monson sells 27 units for $20 each. Purchases on December 7 Purchases on December 14 Purchases on December 211 17 units @ $8.00 cost 34 units $12.00 cost $14.00 cost 27 units Book 61 Wint 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.) int ences Weighted Average Perpetual: Goods purchased Cost of Goods Sold Inventory Balance Date # of units Cost per unit Inventory Value #of units sold Cost per Cost of Goods unit Sold # of units Cost per unit Inventory Balance December 7 17 at $ 8.00- $ 136.00 17 at $ 8.00 $ 136 00 34 at 5 12.00 $ 408.00 17 at $ 8.00 $ 136 00 December 14 34 at S 12.00= 408.00 Average cost December 14 December 15 51 at $ 10.67= $ 544.00 27 at $ 10.67 $ 288.09 $ 10.67- 27 at $ 14.00 S 378.00 at $ 10.67 December 21 27 at $ 14.00- 378.00 Average cost December 21 27 at Totals $ 288 09 4 art 4 of 4 5 ts eBook Hint Required information [The following information applies to the questions displayed below] Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Monson uses a perpetual inventory system. Also, on December 15, Monson sells 27 units for $20 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 17 units $8.00 cost 34 units @ $12.00 cost 27 units @ $14.00 cost Of the units sold, 14 are from the December 7 purchase and 13 are from the December 14 purchase. Determine the costs assigned to ending inventory when costs are assigned based on specific identification. Specific Identification Print Goods Available for Sale Cost of Goods Sold Ending Inventory D rences Purchases # of units Cost per unit Cost of Goods Available for Sale of units sold Cost Cost of per unit Goods Sold # of units in ending Cost per Ending unit inventory Inventory December 7 17 $ 8.00 $ 136 $ 8.00 $ 0 $ 8.00 $ 0 December 14 34 12.00 408 12.00 D 12.00 0 December 21 27 14.00 378 14.00 D Total 78 $ 922 0 $ 0 0 $ 0