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 Purchases on December 7 Purchases on December 14 Purchases on December 21 20 units $20.00 cost 34 units @ 530.00 cost 30 units @ $36.00 cost QS 5-13 (Algo) Perpetual: Inventory costing with weighted average LO P1 Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round your per unit costs to 2 decimal places.) Date Weighted Average Perpetual Goods purchased Cost of Goods Sold E of #ol Cost per unit units Inventory Value Cost per Cost of Goods units unit Sold sold 20 S 2000$ 400 00 Inventory Balance Inventory of units Cost per unit Balance 20 as 20005 400.00 December 7 34 ats 3000 $ 1,020.00 December 14 20.00 30.00 20 at 5 34 at 5 54 at 24 ats 5 60000 1.020.00 5 1.420.00 Average cost December 14 December 15 30 at 0.00 30.00 720 00 30 s 36.00 $1,000 00 24s December 21 30 at 5 54 as 30.00 3600 36.00 $ 720.00 1080.00 $ 194400 5 1940 Average on December 21 Totals $ 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 Purchases 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 W of Bol units Available for Cost Cost of units unit Sale sold per unit Goods Sold Ending Inventory 3 of units Cost per Ending in ending unit Inventory inventory Cost per Purchases December 7 December 14 December 21 Total