nequireu Imormaionn Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three Also, on December 15, Monson sells 30 units for $35 each. inventory purchases of 4 Purchases on December 14 Purchases on December 21 28 units $14.00 cost 36 units $21.0 cost 30 units $25.00 cost QS 6-10 Perpetual: Assigning costs with FIFO LO P ok red: Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory based on the FIFO method "' Purchased Sold Goods Cost Per : Cost of Goods #Of Units Cost Per In Date Units Unit Sold Unit Balance 20$ 14.00280.00 20 14.00 280.00 36|@l s 21.00 = | $ 75600 2014.00 280.00 756.00 $1,036.00 6er s 21.00 15 21 0 25.00 750.00