Required Information Use the following information for the Quick Study below. (Algo) (11-14) The following information applies to the questions displayed below) Trey Monson starts a merchandising business on December and enters into the following three inventory purchases Monson uses a perpetual inventory system. Also, on December 15, Monson sells 25 units for $45 each Purchases on December 15 units 311.ee cost Purchases on December 14 29 units 327.00 cost Purchases on December 21 25 units 332.00 cost QS 5-13 (Algo) Perpetual: Inventory costing with welghted average LO P1 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 Cost of Goods Sold of Cost per unit Inventory Value units Cost per Cost of Goods sold Sold Inventory Balance Date of units une of units Cost per unit Inventory Balance December 7 December 14 Average cost December 14 December 15 Degerber 21 Average cost December 21 Totals Required Information Use the following information for the Quick Study below. (Algo) (11-14) [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 perpetual inventory system. Also, on December 15, Monson sells 25 units for $45 each Purchases on December 15 units $18.00 cost Purchases on December 14 Purchases on December 21 25 units @ $32.00 cost 29 units $27.00 cost QS 5-14 (Algo) Perpetual: Inventory costing with specific Identification LO P1 of the units sold, 12 are from the December 7 purchase and 13 are from the December 14 purchase. Determine the costs assigned to ending Inventory when costs are assigned based on specific identification Specific Identification Goods Available for Sale Cost of Goods Sold of units Cost per Cost of Goods Available for Sale Ending Inventory of units in ending Cost Ending inventory per unit Inventory of units sold unit Cost Cost of per unit Goods Sold Purchases December 7 December 14 December 21 Total