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 7 Purchases on December 14 Purchases on December 21 15 units @ $18.00 cost 29 units $27.00 cost 25 units @ $32.00 cost Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round your per nit costs to 2 decimal places.) Inventory Balance Weighted Average - Perpetual: Goods purchased Cost of Goods Sold #of Cost per unit Inventory Value units Cost per Cost of Goods unit Sold sold Date # of units # of units Cost per unit Inventory Balance December 7 December 14 Average cost December 14 December 15 December 21 Average cont December 21 Totals Prav 15 nf 16 HE Next 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 7 Purchases on December 14 Purchases on December 21 15 units @ $18.00 cost 29 units @ $27.00 cost 25 units e$32.00 cost Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. Perpetual LIFO: Cost of Goods Sold Goods purchased Inventory Balance Date Cost per # of units Cost per Cost of Goods Available for Sale unit #of units sold Cost per Cost of Goods unit Sold # of units unit Inventory Balance December 7 + December 14 Total December 14 December 15 Total December 15 December 21 Totals 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 7 Purchases on December 14 Purchases on December 21 15 units e $18.00 cost 29 units @ $27.00 cost 25 units @ $32.00 cost Determine the costs assigned to ending Inventory when costs are assigned based on the weighted average method. (Round your per nit costs to 2 decimal places.) Weighted Average - Perpetual: Goods purchased Cost of Goods Sold #of Cost per Cost of Goods Cost per unit Inventory Value units unit Sold sold Date Inventory Balance Inventory Cost per unit Balance # of units # of units December 7 December 14 Average cost December 14 December 15 December 21 Averago cost December 21 Totals Prey 15 of 15 HE Next