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 28 units for $50 each Purchases on December 7 Purchases on December 14 Purchases on December 21 18 units @ $20.00 cost 32 units @ $30.00 cost 28 units $36.00 cost equired: onson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory based on the FIFO ethod Required: Monson uses a perpetual Inventory system. Determine the costs assigned to the December 21 ending inventory based on the FIFO method. Perpetual FIFO Goods Purchased Cost Per Goods Unit Purchased Cost of Goods Sold #of Units Cost Per Cost of Goods Sold Unit Sold Inventory Balance # of Units Cost Per Inventory Unit Balance of Date Units December December 14 December 15 December 21 Totals Cm 1 2 3 Prev of 4 Next > Required: Monson sells 28 units for $50 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 UFO Cost of Goods Sold Inventory Balance Goods purchased Cost per Cost of Goods Available for unit Sale of units Cost per units sold Cost per Cost of Goods unit Sold # of units unit Inventory Balance December 5 000 December 14 5 0.00 000 December to December 21 0.00 Totals Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15. Monson sells 28 units for $50 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 18 units @ $20.00 cost 32 units $30.00 cost 28 units @ $36.00 cost Required: Monson sells 28 units for $50 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 Inventory Date units unit Value December 7 $ 0.00 December 14 $ 0.00 Cost of Goods Sold #of Cost per units Cost of sold unit Goods Sold Inventory Balance Cost per # of units Inventory unit Balance 5 000 Average cost December 15 $ 0.00 December 21 $ 0.00 Average cost Totals $ 0.00