Check my work 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 10 units @ $ 6.00 cost 20 units e $12.00 cost 15 units @ $14.00 cost QS 6-10 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. Perpetual FIFO: Goods Purchased Cost Per Goods Unit Purchased Cost of Goods Sold #of Cost Per Cost of Goods Units Unit Sold Sold Inventory Balance Cost Per Inventory #of Units Unit Balance #of Units Date December 7 December 14 Prey 4 of 7 ::: Next > Check my work Required: Monson sells 15 units for $20 each on December 15. Monson uses a perpetual Inventory system. Determine the costs assigned to the December 31 ending Inventory when costs are assigned based on LIFO. Perpetual LIFO: Cost of Goods Sold Inventory Balance Date # of units Goods purchased Cost of Cost per Goods unit Available for Salo $ 0.00 # of units sold Cost per Cost of Goods unit Sold #of units Cost per unit Inventory Balance December 7 December 14 $ 0.00 $ 0.00 December 15 December 21 $ 0.00 Totals