ALSO FIND LIFO, and WEIGHTED PERP AVG

Required Informetlon 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 15 units for $20 each Purchases on December 7 Purchases on December 14 Purchases on December 21 18 units 6.88 cost 28 units $12.88 cost 15 units$14.e8 cost QS 5-10 Perpetual: Assigning costs with FIFO LO P1 Requlred Monson uses a perpetual Inventory system. Determine the costs assigned to the December 31 ending Inventory based on the FIFO method. Perpetual FIFO oods Purchased Inventory Balan #of #of Units | Cost Per Unit Cost per Goods Cost of Goods Sold Date # of Units PurchasedUnits Cost p Balance Sold December 7 10 @| S 6.00 = | $ 60.00 10|@| $ 6.00 =| $ 60.00 10 6.00 60.00 240.00 5 300.00 December 14 20 12.00 240.00 20 12.00 December 15 15 14.00 210.00 15 9.00 135.00 December 21 15 10.00 150.00 210.00 5 360.00 15 14.00 210.00 15|@ S 14.00 Totals 5 210.00