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 perpetual inventory system. Also, on December $15,$ Monson sells $15$ units for $$27$ each.

$\backslash$table$[[$Purchases on December $7,10$ units @ $$13\mathrm{.}00$ cost$],[$Purchases on December $14,20$ units @ $$19\mathrm{.}00$ cost$],[$Purchases on December $21,15$ units @ $$21\mathrm{.}00$ cost$]]$

Required:

Determine the costs assigned to the December $31$ ending inventory based on the FIFO method.

$\backslash$table$[[$Perpetual FIFO:$],[$Date$,$Goods Purchased,Cost of Goods Sold,Inventory Balance$],[$# of Units,,$\backslash$table$[[$Goods$],[$Purchased$]],\backslash$table$[[$# of$],[$Units$],[$Sold$]],\backslash$table$[[$Cost Per$],[$Unit$]],\backslash$table$[[$Cost of Goods$],[$Sold$]],$# of Units,$\backslash$table$[[$Cost Per$],[$Unit$]],\backslash$table$[[$Inventory$],[$Balance$]]],[$December $7,10,$at$,,=,$$$130\mathrm{.}00,,,,,10,$at$,$$$13\mathrm{.}00,=,$$$,130\mathrm{.}00],[$December $14,20,$at$,$$$19\mathrm{.}00,=,$$$380\mathrm{.}00,,,,,,20,$at$,$$$19\mathrm{.}00,=,$$$,380\mathrm{.}00],[,,,,,,,,,,10,$at$,$$$13\mathrm{.}00,=,,130\mathrm{.}00],[$Total December $14,,,,,,,,,,,,,,,$$$,510\mathrm{.}00],[$December $15,,,,,,15,$at$,$$$19\mathrm{.}00,=,$$$285\mathrm{.}00,15,5$ at$,$$$13\mathrm{.}00,=,$$$,195\mathrm{.}00],[$Total December $15],[$December $21,15,$at$,$$$21\mathrm{.}00,=,$$$315\mathrm{.}00,,,,,,15,$at$,$$$13\mathrm{.}00,=,$$$,195\mathrm{.}00],[$Totals$,,,,,,,,,,$$$285\mathrm{.}00,,,,,$$$,195\mathrm{.}00]]$