[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 perpetual inventory system. Also, on December 15, Monson sells 25 units for $25 each Purchases on December 7 Purchases on December 14 Purchases on December 21 15 units @ $10.00 cost 30 units @ $15.00 cost 25 units $18.00 cost Determine the costs assigned to the December 31 ending inventory based on the FIFO method Goods Purchased of Units Cost Per Cost of Goods Sold Hol Units Cost Per Cost of Goods Sold Unit Sold Goode Purchased Inventory Band Cost Per of Units Inventory Ult Unit December 7 December 14 Total December 14 December 15 Total Decomber 15 December 21 Totals