Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 18 units for $10 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 8 units @ $4.00 cost 26 units @ $6.00 cost 18 units @ $7.00 cost QS 5-12 Perpetual: Inventory costing with weighted average LO P1 Required: Monson sells 18 units for $10 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.) Date Goods purchased Cost of Goods Sold # of Cost # of Cost per Inventory Cost of units Goods per units unit Value sold unit Sold $ 8 @ $4.00 32.00 $ 26 @ $6.00 156.00 Inventory Balance Cost # of Inventory units per Balance unit 8@ $4.00 = $ 32.00 December 7 December 14 8 @ $ 4.00 = $ 32.00 26 @ $6.00 = 156.00 $ 34 @ $ 4.66 = 188.00 Average cost 181@ $ 0.00 December 15 December 21 18 @ $7.00 = $ 126.00 @ 18 @ $ 7.00 = 18 @ 126.001 Average cost Totals $ 0.00 Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 18 units for $10 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 8 units @ $4.00 cost 26 units @ $6.00 cost 18 units @ $7.00 cost QS 5-13 Perpetual: Inventory costing with specific identification LO P1 Required: Monson sells 18 units for $10 each on December 15. Of the units sold, 6 are from the December 7 purchase and 12 are from the December 14 purchase. Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory when costs are assigned based on specific identification. Specific IdentificationPerpetual: Goods purchased Cost # of Date units per unit December 7 December 14 Cost of Goods Sold # of Cost Cost of units per Goods sold unit Sold Inventory Balance Cost # of Inventory per units unit Balance December 15 December 21 Totale