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Determine the costs assigned to the December 3 1 ending inventory based on the FIFO method. Trey Monson starts a merchandising business on December 1

Determine the costs assigned to the December 31 ending inventory based on the FIFO method.
Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Monson uses a perpetual inventory system. Also, on December 15, Monson sells 15 units for $38 each.
Purchases on December 710 units @ $24.00 cost
Purchases on December 1420 units @ $30.00 cost
Purchases on December 2115 units @ $32.00 cost

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