Trey Monson starts a merchandising business on December 1 and enters into three inventory purchases: Purchases on December 7 Purchases on December 14 Purchases on December 21 16 units @ $10.00 cost 33 units @ $15.00 cost 26 units @ $18.00 cost QS 5-16A Periodic: Inventory costing with weighted average LO P3 Required: Monson sells 26 units for $25 each on December 15. Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Amounts to be deducted should be indicated with a minus sign. Round cost per units to 2 decimals.) Periodic Weighted Average Purchase - December 7 Purchase - December 14 Purchase - December 21 Inventory on hand Cost of Goods Sold Cost per # of units Inventory # of units Avg.Cost per Cost of unit Value sold unit Goods Sold 16 $ 10.00 $ 160 33 15.00 495 26 18.00 468 75 1,123 Available for Sale 0 December Sales Total 75 $ 1,123 0 $ 0