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Required Information Use the following information for the Quick Study below. (Algo) (11-14) [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 perpetual Inventory system. Also, on December 15 , Monson sells 15 unlts for $25 each. \begin{tabular}{ll} Purchases on December 7 & 10 units $11.00 cost \\ Purchases on December 14 & 2 units $17.00 cost \\ Purchases on December 21 & 15 units $19.00 cost \end{tabular} QS 5-11 (Algo) Perpetual: Assigning costs with FIFO LO P1 Required: DetermIne the costs assigned to the December 31 ending Inventory based on the FIFO method