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Can I please get help with this problem: Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases.

Can I please get help with this problem:

Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 27 units for $20 each.

Purchases on December 7 17 units @ $8.00 cost

Purchases on December 14 34 units @ $12.00 cost

Purchases on December 21 27 units @ $14.00 cost

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6 Safari File Edit View History Bookmarks Window Help 9 LII '6? 57%93- Tue12:31AM Q o , O O O El] newconnectmheducationcom c o 3 .31 Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 4 Required information Use the following information for the Quick Study below. Return to question Trey Monson starts a merchandising business on Decemberl and enters into the following three inventory purchases. pa,\" 014 Also. on December 15, Morison sells 27 units for $20 each, Purchases on December 7 17 units a $8.00 cost: 10 Purchases on December 14 34 units 0 $12.00 cost: points Purchases on December 21 27 units 0 $14.00 cost: 05 5-10 Perpetual: Assigning costs with FIFO LO P1 Required: Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory based on the FIFO method. 0 Answer is not complete. Perpetual FIFO: December _ $ 7 11 9 @ s 0000 136.00 09 @ December $ _ $ 14 3\" 9 @ 12.00 a ' 408.00 6 @ December 3 _ 15 3 @ 17.009 $135.00 120@ $10.00= $120.00 December 5 21 14.00 294.00 Totals 5 256.00 an (Prev 4 5 6 7 M7 Next)

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