Use the following information for the Quick Study below. Trey Monson starts a merchandi ising business on December 1 and enters into three inventory purchases: 17 units $8.00 cost s on December 14 34 units $12.00 cost December 21 27 units $14.00 cost OS 5-11 Periodic: Inventory costing with LIFO LO P1 Required: Monson sells 27 units for $20 each on December 15. Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. (Amounts to be deducted should be indicated with a minus sign. Round cost per units to 2 decimals.) Cost of Goods Sold Periodic LIFO Cost of Goods | # of Cost Cost of | # of units Cost per Ending sold per unit Goods Sold in ending Ending in ending unitInventory unit Available for | units Cos-Cost December 14 21 Prey 3 of Next> Required Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into three Inventory purchases: 34 units $12.00 cost Purchases on December 21 QS 5-10 Periodic: Assigning costs with FIFO LO P1 Required: Monson sells 27 units for $20 each on December 15. Assume the periodic inventory system is used. Determine the costs assigned to the December 31 ending inventory when costs are assigned based on FIFO. FIFO Balance Cost of Goods | # of Cost per Available for units sold ( per unit Goods Sold in ending Cost per Ending unit Inventory unit | Available forl units | Cost | Cost of | #ofunits 17 S 8.001361 $ 8.00136 34 12.00 27 14.00 78 408 378 12.00 14.00 136 Required intormation Use the followingi Trey Monson starts a merchandising business on December 1 and enters into three Inventory purchases: r 1434 units $12.00 cost Purchases on December 21 2:12 os 5-12 Periodic: Inventory costing with weighted average LO P1 Required Monson sells 27 units for $20 each on December 15. Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Amounts to be deducted should be indicated with a minus sign. Round cost per units to 2 decimals.) on | | Inventory # of units Cost per unit Cost per unit Cost of # of units Requiredl Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into three inve Purchases on December 14 34 units $12.00 cost 27 units $14.00 cost 21 QS 5-13 Periodic: Inventory costing with specific identification LO P1 Required: Monson sells 27 units for $20 each on December 15. Of the units sold, 14 are from the December 7 purchase and 13 are from the December 14 purchase and assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on specific identification. Cost of Goods Sold Specific Id units sold Cost of in ending unit Cost per Ending # of units cost per | Available for per unit Goods Sold December 21 Prex 5 of 6 Next >