! Required information Use the following information for the Quick Study below. (Algo) (15-18) [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 23 units for $30 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 13 units 30 units $12.00 cost $18.00 cost 23 units @ $22.00 cost QS 6-15A (Algo) Periodic: Inventory costing with FIFO LO P3 Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. Purchases: December 7 December 14 December 21 Total Periodic FIFO: Goods Available for Sale # of units Cost per unit Cost of Goods Available for Sale # of units Cost of Goods Sold Cost per Cost of unit Goods Sold Ending Inventory sold # of units in ending inventory Cost per Ending unit Inventory $ 0.00 0.00