S 5-7 Perpetual: Inventory costing with weighted average P1 Refer to the information in QS 5-5 and assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round per unit costs and inventory amounts to cents.) QS 5-23 Applying LCM to inventories P2 Ames Trading Co. has the following products in its ending inventory. Compute lower of cost or market for inventory applied separately to each product. Product Quantity Cost per Unit Market por Unit Mountain bikes.... Skateboards.. Gliders.. =22 11 $600 $550 13 350 425 26 800 700