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Required information Use the following information for the Quick Study below. (Algo) [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 25 units for $45 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 15 units $18.ee cost 30 units @ $27.00 cost 25 units @ $32.00 cost QS 5-13 (Algo) 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. (Amour deducted should be indicated with a minus sign. Round cost per units to 2 decimals.) Periodic Weighted Average 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 QS 5-13 (Algo) 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 Inventory on hand Cost of Goods Sold Cost per Cost of Inventory of units Avg. Cost per # of units unit Value sold unit Goods Sold $ 0 0 0 Purchase - December 7 Purchase - December 14 Purchase - December 21 Available for Sale December Sales Total OO $ 0 $ 0

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