Required information Use the following information for the Quick Study below. (Algo) (11-14) [Tine following information applies to the questions olisolayed celow] Tiey Monson sterts a merchandising business on December 1 and enters into the followng three inventocy Purchaset Monson uses s perpetuol iaventory system. Alo, on Decentber 13 , Montton 14 is 15 units for $38 eoch Purchases on Deceeden: 7 Furchases on Dececber 14 QS 5.11 (Algo) Perpetual: Assigning costs with FIFO LO P1 Determine the costs assigned to the December 3 ending inventory bosed on the FiFO method. Required: Required information Use the following information for the Quick Study below. (Algo) (11-14) [Tine following information applies to the questions olisolayed celow] Tiey Monson sterts a merchandising business on December 1 and enters into the followng three inventocy Purchaset Monson uses s perpetuol iaventory system. Alo, on Decentber 13 , Montton 14 is 15 units for $38 eoch Purchases on Deceeden: 7 Furchases on Dececber 14 QS 5.11 (Algo) Perpetual: Assigning costs with FIFO LO P1 Determine the costs assigned to the December 3 ending inventory bosed on the FiFO method. Required