Use the following information for the Quick Study below (Static) [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 15 units for $20 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 10 units e S 6 cost 20 units $12 cost 15 units e $14 cost QS 5-13 (Static) Periodic: Inventory costing with weighted average LO P1 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.) Periodic Weighted Average Purchase - December 7 Purchase - December 14 Purchase - December 21 Available for Sale December Sales Total Inventory on hand Cost of Goods Sold # of units Cost per Inventory # of units Avg. Cost per Cost of unit Value sold unit Goods Sold 101 $ 11.30 $ 113 20 11.30 226 16 11.30 170 45 11.30 509 (15) 11.30 (170) 15 $ 11.30 170 30 $ 11,300 $ 340 15 $ 170