Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Monson uses a periodic inventory system. Also, on December 15 , Monson sells 15 units for $50 each. QS 5-18A (Algo) Periodic: Inventory costing with specific identification LO P3 Of the units sold, 6 are from the December 7 purchase and 4 are from the December 14 purchase. Determine the costs assigned to ending inventory when costs are assigned based on specific identification. Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Monson uses a periodic inventory system. Also, on December 15 , Monson sells 15 units for $50 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 8units@$20.00cost17units@$30.00cost15units$36.00cost QS 5-17A (Algo) Periodic: Inventory costing with weighted average LO P3 Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. Note: Round cost per units to 2 declmal places. Use the following information for the Quick Study below. (Algo) (15-18) [The following information applles to the questlons displayed below.] Trey Monson starts a merchandising business on December 1 and enters into the following three inventory Monson uses a periodic inventory system. Also, on December 15 , Monson sells 15 units for $50 each. 2S 5-16A (Algo) Periodic: Inventory costing with LIFO LO P3 etermine the costs assigned to ending inventory when costs are assigned based on the LIFO method