Check my work Required information Use the following information for the Quick Study below. (Static) (11-14) 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 15 units for $20 each Purchases on December 7 10 units 5 cost Purchases on December 14 20 units 512 cost Purchases on December 21 15 units 514 cost QS 5-11 (Static) Perpetual: Assigning costs with FIFO LO P1 Required: Determine the costs assigned to the December 31 ending inventory based on the FIFO method. ! Required information Date Goods Purchased # of Units Cost Per Goods Unit Purchased Perpetual FIFO Cost of Goods Sold #of Cost Per Cost of Goods Units Sold Unit Sold Inventory Balung of Units Cant Per Unit Inventory Balance December 7 10 at $ 6.00 $ 60.00 20 at December 14 $ 1200 $ 240.00 Total December 14 December 15 Total December 15 15 at S 14.00= 5.210.00 December 21 Totals Chech Required information Perpetual LIFO Cost of Goods Sold Inventory Date Goods purchased Cost Cost of Goods #of units per Available for unit Sale #of units sold Cost per Cost of Goods unit Sold Cost per of units unit Inn Balanc December 7 $ 0.00 0.00 December 14 $ Total December 14 $ 0.00 December 15 Total December 15 $ 0.00 December 21 Totals Required information Check my 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.) Date Weighted Average Perpetual Goods purchase Cost of Goods Sold W of Inventory of units Cost per Cont of Goods unit Value units sold unit Sold 10 a $6.00 - $ 60.00 Cost per Inventory Batas Wof units Cost per December 7 unit December 14 20 at $ 1200 $ 240 00 al at 5 12.00 Average cost December 14 December 15 5 0.00 000 15 at 5 14,00 $ 210 00 at al $ 1400 December 21 Average cost December 21 Totals + al