Chapter 5 HW S Check my work mode: This shows what is correct or incorrect for the work you have completed so far, it does not indicate con 1 HISTU HAUSE Purchases on December Purchases on December 14 Purchase on December 21 201596.00 cost >5 units $24.00. cout units $29.00 cost 1 OS 5-11 (Algo) Periodic: Assigning costs with FIFO LO P1 Required: Determine the costs assigned to the December 31 ending Inventory based on FIFO method. Periodic FIFO Cost of Goods Available for Sale Cost of Bor Cost Goods per units unit Available For Sale Answer is complete but not entirely correct. Cost of Goods Sold Inventory Balance of Cost Cost of of units Cost units Goods in ending per Ending sold unit Sold Inventory unit Inventory per 320 0 $ Purchases December December 11 December 21 Total 320 20 16.00 55 2500 302000 85 875 003 20 16.00 35 2500 875 0 870 2005 870 S 3012900 85 $ 2065 Proy