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 23 units for $30 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 13 units $12.00 cost 30 units @ $18.00 cost 23 units@ $22.00 cost QS 6-12 (Algo) Perpetual: Inventory costing with LIFO LO P1 Determine the costs assigned to ending Inventory when costs are assigned based on the LIFO method Inventory Balance Date Perpetual LIFO Goods purchased Cost of Goods sold Cost of Goods of # of units Available for Unit Cost per Cost of Goods units unit Sale sold Sold 131 at $ 1200 $157200 Cost per of units Cost per unit Inventory Balance December 5 000 December 14 $ 000 To December 14 December 15 Total December 15 s 0.00 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 23 units for $30 each Purchases on December 13 units $12.00 cost 30 units @ $18.00 cost 23 units @ $22.00 cost Purchases on December 14 Purchases on December 21 QS 6-13 (Algo) Perpetual: Inventory costing with weighted 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.) Welahted Average : Perpetual Goods purchased Cost of Goods Sold # of Cost per unit Inventory Value Cost per Cost of Goods units unit Sold sold Inventory Balance Cost per unit Inventory Balance Date # of units # of units December 7 December 14 Average cost December 14 December 15 UYU HITOVI 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 23 units for $30 each. Purchases on December 7 13 units $12.00 cost Purchases on December 14 30 units @ $18.00 cost Purchases on December 21 23 units $22.00 cost QS 6-14 (Algo) Perpetual: Inventory costing with specific identification LO P1 of the units sold, 10 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 Cost of Goods Cost per of units # of Available for units Cost unit Cost of Sale sold per unit Goods Sold Ending Inventory # of units Cost per Ending in ending unit Inventory Inventory Purchases December December 14 December 21 Total