Required information Trey Monson starts a merchandising business on December 1 and enters into the following three inventory Also, on December 15, Monson sells 28 units for $45 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 18 units @ $18.00 cost 32 units @ $27.00 cost 28 units $32.00 cost Required: Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory ba method. Perpetual FIFO: Goods Purchased Cost Per Goods Unit Purchased # of Units Cost of Goods Sold Cost Per Cost of Goods Unit Sold of Units Sold Date Inventory Balance # of Units Cost Per Inventory Unit Balance December 7 December 14 December 15 Required: Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory base method. Perpetual FIFO: Goods Purchased Date Halcos # of Cost Per Goods of Cost of Goods Sold Cost Per Cost of Goods Unit Sold Inventory Balance # of Units Cost Per Inventory Unit Balance Units Unit Purchased Sold December 7 December 14 December 15 December Totals Required information Trey Monson starts a merchandising business on December 1 and enters into the following three inventory Also, on December 15, Monson sells 28 units for $45 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 18 units @ $18.00 cost 32 units @ $27.00 cost 28 units $32.00 cost Required: Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory ba method. Perpetual FIFO: Goods Purchased Cost Per Goods Unit Purchased # of Units Cost of Goods Sold Cost Per Cost of Goods Unit Sold of Units Sold Date Inventory Balance # of Units Cost Per Inventory Unit Balance December 7 December 14 December 15 Required: Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory base method. Perpetual FIFO: Goods Purchased Date Halcos # of Cost Per Goods of Cost of Goods Sold Cost Per Cost of Goods Unit Sold Inventory Balance # of Units Cost Per Inventory Unit Balance Units Unit Purchased Sold December 7 December 14 December 15 December Totals