Required information Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases Also, on December 15, Monson sells 25 units for $45 each Purchases on December 7 Purchases on December 14 Purchases on December 21 15 units @ $18.00 cost 30 units $27.00 cost 25 units 532.00 cost QS 6-10 Perpetual: Assigning costs with FIFO LO P1 Required: Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory based on the FIFO method Perpetual FIFO: Goods Purchased Cost Per Goods Unit Purchased Cost of Goods Sold Cost Per Cost of Goods Unit Sold Inventory Balance of Units Cost Per Inventory Unit Balance #of Units #of Units Date Perpetual FIFO: Goods Purchased Cost Per Goods Unit Purchased #of Units Cost of Goods Sold of Units Cast Per Cost of Goods Unit Sold Sold | Cont Por Date nonton of Units December 7 151 $ 18,00 $ 270.00 15 @ $ 18.00 = $ 270.00 December 14 30 @ $ 27.00 $ 810.00 December 15 301 25 @ $ 32.00 $ 800.00 December 21 11 $ 32.00 25 $ 800.00 $ 800.00 Totals