O 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 25 units for $25 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 15 units e $10.00 cost 30 units @ $15.00 cost 25 units $18.00 cost Required: Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory based on the FIFO Required: Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory based on the FIFO method Perpetual FIFO Goods Purchased Cost Per Goods Unit Purchased # of Units Cost of Goods Sold Cost Per Cost of Goods Unit Sold Inventory Balance Cost Per Inventory # of Units Unit Balance Date #of Units Sold December 7 December 14 December 15 December 21 Totals 3 Required: Monson sells 25 units for $25 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 LIFO: Cost of Goods Sold Inventory Balance ed Goods purchased Cost of Goods unit Sale #of units Date Cost per Available for #of units sold Cost per cost of Goods unit Sold of units Cost per unit Inventory Balance December 7 $ 0.00 December 14 $ 0.00 $ 0.00 December 15 December 21 $ 0.00 inces Totals Required: Monson sells 25 units for $25 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.) Weighted Average - Perpetual: Goods, purchased # of Cost per Date Inventory units unit Value Cost of Goods Sold # of units Cost of sold unit Goods Sold Cost per Inventory Balance # of units Cost per Inventory unit Balance December 7 $ 0.00 December 14 $ 0.00 Average cost $ 0.00 December 15 $ 0.00 December 21 $ 0.00 Average cost Totals $ 0.00