Check my work B of 2 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 28 units for $35 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 18 units $14.00 C 33 units $21.00 cost 28 units @ $25.00 cost Book QS 5-10 Perpetual: Assigning costs with FIFO LO P1 Hint Print Required: Monson uses a perpetual Inventory system. Determine the costs assigned to the December 31 ending inventory based on the FIFO method. o References Perpetual FIFO Goods Purchased Inventory Balance of Units Cost Per Inventory Unit Balance Cost of Goods Sold #of Units Cost Per Cost of Goods Sold Unit Sold Cost Per Unit Date Goods Purchased Units December 7 December December 15 December 21 Total