Required information [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 25 units for $45 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 15 units @ $18.00 cost 29 units @ $27.00 cost 25 units @ $32.00 cost Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. Purchases: December 7 December 14 December 21 Total Periodic FIFO: Goods Available for Sale # of units Cost per unit Cost of Goods Available for Sale # of units Cost per unit sold Cost of Goods Sold Cost of Goods Sold Ending Inventory # of units In ending inventory Cost per unit Ending Inventory Required information [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 25 units for $45 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 15 units @ $18.00 cost 29 units @$27.00 cost 25 units @$32.00 cost Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. Purchases: December 7 December 14 December 21 Total Periodic LIFO: Cost of Goods Available for Sale Cost of Goods Sold Inventory Balance # of units Cost per unit Cost of Goods Available for Sale # of units sold Cost Cost of per unit Goods Sold # of units in ending Inventory unit Cost per Ending Inventory Required information [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 25 units for $45 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 15 units @ $18.00 cost 29 units @ $27.00 cost 25 units $32.00 cost 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.) Purchases: December 7 December 14 December 21 Total Goods Available for Sale # of units Cost per unit Cost of Goods Available for Sale of units soldi Weighted average - Periodic Cost of Goods Sold Average Cost per Unit # of units Cost of Goods Sold Ending Inventory Average Ending in ending Cost per unit Inventory inventory