Saved 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 28 units for $35 each Purchases on December 7 18 units $14.00 cost Purchases on December 14 33 units $21.00 cost Purchases on December 21 28 units $25.00 cost QS 5-10 Perpetual: Assigning costs with FIFO LO P1 Required Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory based on the FIFO method Perpetual FIFO: Cost of Goods Sold s of Units Unit Goods Sold Cost Per Cost Per Cost of Cost Per Inventory Goods Unit Purchased Sold #of Date Unit 1814.00 252.00 814.00$ 252 3s 21.00693.00 8 14.00252.00 33 21.00 693.00 e s 25 F5 #6 F2 F3