Required information (The following information applies to the questions displayed below) 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 25 units for $45 each Purchases on December? 15 units & $18.00 cost Purchases on December 14 29 units $27.00 cost Purchases on December 21 25 units @ $32.00 cont Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method Periodic Fico: Goods Available for Sale Cost of Goods Sold Cost per Cost of Goods W of of units Cost per Available for units unit Cost of Sala unit sold Goods Sold Ending Inventory of units Cost per Ending in ending unit Inventory Inventory Purchases December 7 December 14 December 21 Total $ 0.00 0.00