Hi,

In the following problem I struggle to find the # of units sold and # of units in ending inventory. Could I get help with explanations regarding this question?

Thank you so much

Trey Monson starts a merchandising business on December 1 and enters into the following three inventor Monson uses a periodic inventory system. Also, on December 15, Monson sells 25 units for Ses each 15 units @ $10.00 cost 30 units @ $15.00 cost Purchases on December 7 25 units @ $17.00 cost Purchases on December 14 Purchases on December 21 Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. X Answer is complete but not entirely correct, Periodic FIFO: Cost of Goods Sold Ending Inventory Goods Available for Sale Cost of # of Cost Cost of # of units Cost Goods Ending # of Cost per Goods units Available units in ending per per unit for Sale sold unit Sold inventory unit Inventory chases december 7 15 5 10.00 5 150 15 $ 10.00 cember $ 150 30 15.00 450 15 X cember 15.00 225 25 15 () $ 15 00 17.00 225 425 70 $ 1,025 15 ( 30 17.00 $ 375 255 30 480 O