Required information Use the following information for the Quick Study below. (Algo) (11-14) [The following information applles 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 units for $23 each. PurchasesonDecember7PurchasesonDecember14PurchasesonDecember2110units$9.60cost20units$15.68cost15units$17.80cost QS 6-11 (Algo) Perpetual: Assigning costs with FIFO LO P1 Required: Determine the costs assigned to the December 31 ending inventory based on the FIFO method. Answer is complete but not entirely correct