Use the correct methed (WEIGHTED AVERAGE)

17 Part 3 of 4 Required Information [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 periodic inventory system. Also, on December 15, Monson sells 30 units for $50 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 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.) Purchases: Total December 7 December 14 December 21 20 units@ $20.00 cost 34 units@ $30.00 cost 30 units @ $36.00 cost Goods Available for Sale # of units Cost per unit Weighted average - Periodic Cost of Goods Available for Sale # of units sold Cost of Goods Sold Average Cost per Unit Cost of Goods Sold # of units in ending inventory Ending Inventory Average Cost per unit Ending Inventory 17 Part 3 of 4 Required Information [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 periodic inventory system. Also, on December 15, Monson sells 30 units for $50 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 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.) Purchases: Total December 7 December 14 December 21 20 units@ $20.00 cost 34 units@ $30.00 cost 30 units @ $36.00 cost Goods Available for Sale # of units Cost per unit Weighted average - Periodic Cost of Goods Available for Sale # of units sold Cost of Goods Sold Average Cost per Unit Cost of Goods Sold # of units in ending inventory Ending Inventory Average Cost per unit Ending Inventory