an Perpetuamos. Also, on December 15, Monson sells 30 units for $40 each. Purchases on December 7 Purchases on December 14 Purchase on December 22 20 units $16.00 coat 35 units $24.00 cost 30 units $29.00 cost QS 5-11 (Algo) Perpetual: Assigning costs with FIFO LO P1 Required: Determine the costs assigned to the December 31 ending inventory based on the FIFO method Perpetual FIFO: Cost of Goods Sold of Cost Per Cost of Goods Units Unit Sold Sold Goods Purchased Ooods Unit Purchased Date Inventory Balance # of Units Cost Por Inventory Unit Balance of Units Cost Per December December 14 Totul December 14 December 15 Totat December 15 December 21