! Required Information The Company starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, The Company sells 28 units for $45 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 18 units @ $18.80 cost 32 units @ $27.ee cost 28 units @ $32.80 cost Required: The Company 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 of Goods Sold Inventory Balance Date # of Units Cost Per Unit Goods Purchased # of Units Sold Cost Per Cost of Goods Unit Sold # of Units Cost Per Unit Inventory Balance December 7 December 14 December 15 December 21 Totals