Required: Determine the costs assigned to the December 31 ending Inventory based on the FIFO method. Determine the costs assigned to ending Inventory when costs are assigned based on the LIFO method. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline \multirow[b]{3}{*}{ Date } & \multicolumn{6}{|c|}{ Perpetual LIFO: } & & & \\ \hline & \multicolumn{3}{|c|}{ Goodspurchased } & \multicolumn{3}{|c|}{ Cost of Goods Sold } & \multicolumn{3}{|c|}{ Inventory Balance } \\ \hline & \# of units & \begin{tabular}{c} Cost per \\ unit \end{tabular} & \begin{tabular}{c} Cost of Goods \\ Available for \\ Sale \end{tabular} & \begin{tabular}{l} \# of \\ units \\ sold \end{tabular} & \begin{tabular}{c} Cost per \\ unit \end{tabular} & \begin{tabular}{c} Cost of Goods \\ Sold \end{tabular} & \# of units & \begin{tabular}{c} Cost per \\ unit \end{tabular} & \begin{tabular}{r} Inventory \\ Balance \end{tabular} \\ \hline \multicolumn{10}{|l|}{ December 7} \\ \hline \multicolumn{10}{|l|}{ December 14} \\ \hline & & & & & & & & & \\ \hline \multicolumn{10}{|c|}{ Total December 14} \\ \hline \multirow{2}{*}{\multicolumn{10}{|c|}{ December 15}} \\ \hline & & & & & & & & & \\ \hline \multicolumn{10}{|c|}{ Total December 15} \\ \hline & & & & & & & & & \\ \hline \multicolumn{10}{|l|}{ December 21} \\ \hline Totals & & & & & & & & & \\ \hline \end{tabular} Of the units sold, 8 are from the December 7 purchase and 7 are from the December 14 purchase. Determine the costs assigned t ending inventory when costs are assigned based on specific identlfication. Determine the costs assigned to ending Inventory when costs are assigned based on the weighted average method. Note: Round your per unlt costs to 2 declmal places. Required Information [The following information applles 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 $32 each