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 28 units for $35 each Purchases on December 7 Purchases on December 14 Purchases on December 21 18 units @ $14.00 cost 33 units @ $21.00 cost 28 units @ $25.00 cost Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method (Round cost per units to 2 decimal places.) Weighted average Perlodic Goods Available for Sale Cost of Goods Sold Average Cost of Available for unit sold Cost per Goods Sold Sale Unit Cost of Goods of units of units Cost per W of units in ending Inventory Ending Inventory Average Ending Cost per unit Inventory Purchases December December 14 December 21 Total 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 28 units for $35 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 18 units $14.00 cost 33 units @ $21.00 cost 28 units $25.00 cost of the units sold, 14 are from the December 7 purchase and 14 ore from the December 14 purchase Determine the costs assigned to ending inventory when costs are assigned based on specific identification Specific Identication Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods # of of units #of units Available for Cost of Cost units unit Cost per Ending sold por unlt Goods sold in ending unit inventory Inventory Cost per Sale Purchases December 7 December 14 December 21 Total