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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

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 15 units for $31 each.
Purchases on December 7,10 units @ $17.00 cost
Purchases on December 14,20 units @ $23.00 cost
Purchases on December 21,15 units @ $25.00 cost
Required:
Determine the costs assigned to the December 31 ending inventory based on the FIFO method.
\table[[Perpetual FIFO:],[Date,Goods Purchased,Cost of Goods Sold,Inventory Balance],[# of Units,\table[[Cost Per],[Unit]],\table[[Goods],[Purchased]],\table[[# of],[Units],[Sold]],\table[[Cost Per],[Unit]],\table[[Cost of Goods],[Sold]],# of Units,\table[[Cost Per],[Unit]],\table[[Inventory],[Balance]]],[December 7],[December 14],[,,,,,,,,,],[Total December 14],[December 15],[,,,,,,,,,],[Total December 15,,,,,,,,,]]
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