Required information Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 26 units for $25 each. 16 units $10.00 cost Purchases on December Purchases on December 14 Purchases on December 21 33 units $15.00 cost 26 units $18.00 cost Required: Monson uses a perpetual Inventory system. Determine the costs assigned to the December 31 ending Inventory based on the FIFO method. Pe Costof Goods Sold et Cost Per | Cost of Goods | #of #of Units |Cost Per| Inventory Balance Date Cost Per Goods # of Units Purchased Sold sold Unit Unit ber 14