Determine the cost assigned to ending inventory when cost are assigned based on the FIFO method

Required Information Use the following information for the Quick Study below. (Algo) (15-18) 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 30 units for $50 each Purchases on December 7 Purchase on December 14 Purchases on December 21 20 units e$20.00 cost 34 units e $30.00 cost 30 units # $36.00 cont QS 5-15A (Algo) Periodic: Inventory costing with FIFO LO P3 Determine the costs assigned to ending Inventory when costs are assigned based on the FIFO method Parledie EIFO Goods Available for Sale Cost of Goods Sold Cost of Goods of Cost per Cost of Cost per # of units Available for unit unit Goods Sold Sale Ending Inventory Wof units Ending Cost per in ending unit Inventory Inventory units sold $ 0:00 0.00 Purchases December 7 December 14 December 21 Total