Check my work Required information Use the following information for the Quick Study below (Static) (15-18) [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 periodic inventory system. Also, on December 15, Monson sells 15 units for $20 each Purchases on December 7 10 units 56 cost Purchases on December 14 20 units 512 cost Purchases on December 21 15 units 514 cost QS 5-16A (Static) Periodic: Inventory costing with LIFO LO P3 sts assigned to ending inventory when costs are assigned based on the LIFO method Required information Check Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method Periodic LED Cost of Goods Available for Sale Cost of Goods Sold Cost of Goods # of Available for Cost unit units Cost of Sale sold per unit Goods Sold Dalam # of units Cost per In ending Cost per Ending Inventory 10 $ 6.00 $ 60 Purchases December 7 December 14 December 21 Total 10 $ 6.00 $ 20 12.00 15 14.00 45 $ 60 240 210 510 10 $ 600 5 20 1200 60 240 1400 10 s 60 30 $300 Check QS 5-17A (Static) Periodic: Inventory costing with weighted average LO P3 Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round cost per units to 2 decimal places.) Welghted average Periodic Goods Available for Sale Cost of Goods Sold Cost of Goods Average of units Available for # of units Cost of unit sold Sale ods Sold Unit Cost per Cost per Ending Inventory of units Average Ending In ending Cost per unit Inventory inventory Purchases December 7 December 14 December 21 Total 10 $ 20 S 15$ 45 6.00 $ 12.00 14.00 5 60 240 210 510 $ 000 5 0.00