Gmail Youtube Maps Reading Sed Help Save & Exit Submit Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases Also on December 15, Monson selts 10 nits for $50 each Purchases on December Porchases on December 14 Purchases on December 21 units $20:00 cost 17 units 530.00 Coat 15 units. 536:00 Coat QS 5-10 Perpetual: Assigning costs with FIFO LO P1 Required: Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory based on the FIFO method Perpetual FIFO: Goods Purchased CortGoods Sold Inventory Dance Date of Units Cost Per Unit Goods Purchased of Units Sold Cour Per Cost of Goods Unit Sod of Units Cost Per Unit Inventory Balance December 7 December December 15 December 21 Tota C X