3-to-Know Videos 6 Help Required information Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 15 units for $20 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 10 units 20 units 15 units $6.00 cost $12.00 cost $14.00 cost Required: Monson sells 15 units for $20 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 Cost of Goods Sold Inventory Balance Weighted Average. Perpetual Goods purchased Date #of Cost per Inventory units unit Value of units Cost per unit Cost of Goods Sold funt Cost per unit Inventory Balance Sold December 7 December 14 -to-Know Videos Surved Help Required: Monson sells 15 units for $20 each on December 15. Monson uses a perpetual inventory system. Determine the costs assigned ending inventory when costs are assigned based on the weighted average method. Weighted Average - Perpetual: Goods purchased Inventory Balance of units Cost per unit Inventory Value Cost of Goods Sold #of Cost per Cost of units sold Goods Sold Cost per unit unit #of units Inventory Balance December 7 December 14 Average cost December 15 December 21 Average cost otale