0 Required information Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 29 units for $45 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 19 units $18.00 cost 35 units @ $27.00 cost 29 units @ $32.00 cost Required: Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory based on the FIFO method CH 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 i of Date Cost Per Goods Units Unit Purchased December 7 19 @ 18.00 - $ 342.00 December 14 35 @ $ 27.00 $ 945.00 Cost of Goods Sold # of Units Cost Per Cost of Goods Unit Sold Sold Inventory Balance Cost Per # of Units Inventory Unit Balance 19 @ $ 18.00 $ 342.00 $ 342.00 19 S 18.00 35 $ 27.00 945.00 $1,287.00 December 15 $ 342.00 $ 27.00 19 @ s 18.00 - $ 27.00 December 21 29 5 32 00 $ 928.00 $ 27.00