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Use the following information for the Quick Study below. (Algo) (11-14) 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 perpetual Inventory system. Also, on December 15, Monson sells 30 units for $50 each Purchases on thecember 7 Purchases on December 14 Purchases on December 21 20 units $20.00 cost 34 units $30.00 cont 30 units # $36.00. cont QS 5-12 (Algo) Perpetual: Inventory costing with LIFO LO P1 Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method Inventory Balance Perpetual LIFO Goodschased Cost of Goods Sold Cost of Goods #of of units Available for unit units Cost per Cost of Goods Sale unit Sold sold Date Cost per of units Cost per uni Inventory Balance December 7 20 $ 20.00 $ 400.00 201 $ 20,00 $ 400.00 341 at $ 30.00 - $1.020.00 December 14 20 at $ 20.00 34 at $ 3000 - $ 400.00 1,020,00 $1.420.00 Total December 14 30 $ 50.00 $1,500.00 at December 15 at Total December 15 30 $ 38,00 51.080.00 20 at $36.00 $ 720.00 RE December 21 at Totais $1.500.00 $ 720.00 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 30 units for $50 each Durchases on December 7 Purchases on December 14 Purchases on December 21 20 units $20.00 cost 34 unita #630.00 coat 30 units $36.00 cont QS 5-13 (Algo) Perpetual: Inventory costing with weighted average LO P1 Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round your per unit costs to 2 decimal places.) Date #01 units Welated Average Perpetual Goods. Durchased Cost of Goods Sold # of Cost per unit Inventory Value Cost per cost of Goods unit Sold sold $ 0.00 Inventory Balance Inventory Cost per unit Balance of units December 7 0.00 December 14 $ 0.00 Average cos December 14 December 15 $ 0.00 $ 0.00 December 21 0 Average cost December 21 Tols $ 0.00 Required Information Use the following information for the Quick Study below. (Algo) (11-14) 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 perpetual inventory system. Also, on December 15, Monson sells 30 units for $50 each Purchase on December 7 Purchases on December 14 Purchases on December 21 20 units $20.00 cost 34 units $30.00 cost 30 units @ $36.00 cost QS 5-14 (Algo) Perpetual: Inventory costing with specific identification LO P1 Of the units sold, 16 are from the December 7 purchase and 14 are from the December 14 purchase. Determine the costs assigned to ending Inventory when costs are assigned based on specific identification Specific Identification Goods Available for Sale Cost of Goods Sold Cost of Goods of of units Cost units Cost of Available for unit Salo sold per unit Goods Sold Cost per Ending Inventory # of units In ending Cost per Ending unit Inventory Inventory 0 $ 0 0 $0.00 $ 0.00 Purchases December 7 December 14 December 21 Total 0 0 0 $0.00 $ 0.00 0.00 $ 0 0 0 $ 0 5 0 0 0 0