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Required information

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Trey Monson starts a merchandising business on December $1$ and enters into the following three inventory purchases. Monson uses a periodic inventory system. Also, on December $15,$ Monson sells $29$ units for $$50$ each.

$\backslash$table$[[$Purchases on December $7,19$ units @ $$20\mathrm{.}00$ cost$],[$Purchases on December $14,36$ units @$$30\mathrm{.}00$ cost$],[$Purchases on December $21,29$ units @ $$36\mathrm{.}00$ cost$]]$

Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method.

$\backslash$table$[[,$Periodic FIFO:$],[,\backslash$table$[[$Number of$],[$units$]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Cost of Goods$],[$Available for$],[$Sale$]],\backslash$table$[[$Number of$],[$units sold$]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Cost of$],[$Goods Sold$]],\backslash$table$[[$Number of$],[$units in$],[$ending$],[$inventory$]],\backslash$table$[[$Cost per$],[$unit$]],],[$Purchases:$,,,,,,,,,],[$December $7,,,,,,,,,],[$December $14,,,,,,,,,],[$December $21,,,,,,,,,],[$Total$,,,,,,,,,]]$