Required information The following information applies to the questions displayed below) Trey Monson starts a merchandising business on December and enters into the following three inventory purchases Monson uses a perpetual inventory system. Also, on December 15, Monson sells 28 units for $10 each Purchases on December? 18 units. 54.00 cost Purchases on December 14 35 units 56.00 Coot Purchases on December 21 20 units # 57.00 cont Required: Determine the costs assigned to the December 31 ending inventory based on the FIFO method, Perpetual FIFO: Cest of Goods Sold of Units Cost Per Cost of Goods Unit Sold Sold Goods Purchased Cost Per Goods # of Units Unit Purchased Inventory Balance Cost Per #of Units Inventory Unit Balance Date December 7 December 14 Total December 14 December 15 Total December 15 December 21 Neal