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 15 units for $27 each. Purchases on December 7 Purchases on December 14 10 units @ $13.00 cost 20 units @ $19.00 cost Purchases on December 21 15 units @ $21.00 cost QS 6-12 (Algo) Perpetual: Inventory costing with LIFO LO P1 Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. Perpetual LIFO: Goods purchased Cost of Goods Sold Inventory Balance Date # of units Cost per Cost of Goods Available for unit Sale # of units sold Cost per Cost of Goods # of units unit Sold Cost per unit Inventory Balance December 7 10 at $ 13.00 $ 130.00 20 at $ 19.00 = $ 380.00 December 14 Total December 14 December 15 Total December 15 15 at $ 21.00 = $ 315.00 10 at 10 at $13.00 = $ 130.00 20 at $19.00 = 380.00 $ 510.00 15 at $ 19.00 = $ 285.00 10 at $ 13.00 = $ 130.00 10 at $13.00 = 130.00 $ 260.00 December 21 Totals 10 at $ 13.00 = $ 130.00 10 at $ 13.00 = $ 130.00 15 at $ 21.00 = $ 315.00 $ 285.00 $ 575.00 QS 6-13 (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.) December 7 Weighted Average - Perpetual: Goods purchased Cost of Goods Sold Inventory Balance Date # of # of units Cost per unit Inventory Value Cost per Cost of Goods units unit Sold # of units Cost per unit Inventory Balance sold $ 0.00 $ 0.00 December 14 Average cost December 14 December 15 December 21 Average cost December 21 Totals $ 0.00 $ 0.00 0 $ 0.00 $ 0.00