Required information ABC starts a merchandising business on December 1 and enters into the following three Inventory purchases. Also, on December 15. ABC sells 25 units for $25 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 15 units @ $10.ee cost 38 units @ $15.ee cost 25 units $18.6e cost Required: ABC sells 25 units for $25 each on December 15. ABC uses a perpetual Inventory system. Determine the costs assigned to ending Inventory when costs are assigned based on the welghted average method (Round your per unit costs to 2 decimal places.) Weighted Average - Perpetual: Goods purchased # of Inventory units unit Value December 7 $ 0.00 Cost of Goods Sold # of units Cost of unit Goods Sold sold Cost per Date Cost per Inventory Balance Cost per Inventory # of units unit Balance December 14 $ 0.00 Average cost $ 0.00 December 15 S 0.00 December 21 $ 0.00 Average cost Totals $ 0.00 Required Information ABC starts a merchandising business on December 1 and enters into the following three Inventory purchases. Also, on December 15, ABC sells 25 units for $25 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 15 units @ $10.00 cost 38 units $15.ee cost 25 units $18.ee cost Required: ABC sells 25 units for $25 each on December 15. ABC 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 Goods purchased Cost per Cost of Goods Available for unit Sale Date # of units # of units sold Cost per Cost of Goods unit Sold # of units Cost per unit Inventory Balance December 7 December 14 December 15 December 21 Totals Required Information ABC starts a merchandising business on December 1 and enters into the following three Inventory purchases. Also, on December 15. ABC sells 25 units for $25 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 15 units @ $10.ee cost 38 units $15.6e cost 25 units $18.6e cost Required: ABC uses a perpetual Inventory system. Determine the costs assigned to the December 31 ending Inventory based on the FIFO method. Perpetual FIFO: Cost of Goods Sold Goods Purchased Cost Per Goods Unit Purchased # of Units Date # of Units Sold Inventory Balance Cost Per Inventory # of Units Unit Balance Cost Per Cost of Goods Unit Sold December 7 December 14 December 15 December 21 Totals