6 art 1 of 3 Required information Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 23 units for $30 each. ints Purchases on December 7 Purchases on December 14 Purchases on December 21 13 units @ $12.00 cost 30 units @ $18.00 cost 23 units @ $22.00 cost eBook QS 5-10 Perpetual: Assigning costs with FIFO LO P1 Hint Ask Required: Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory based on the FIFO method References Perpetual FIFO: Goods Purchased Cost Per Goods Unit Purchased # of Units Cost of Goods Sold # of Units Cost Per Cost of Unit Sold Goods Sold Inventory Balance Cost Per # of Units Inventory Unit Balance Date December 7 December 14 December 15 December 21 Totals