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 $$29$ each.

Purchases on December $7,10$ units @ $$15\mathrm{.}00$ cost

Purchases on December $14,20$ units @ $$21\mathrm{.}00$ cost

Purchases on December $21,15$ units @ $$23\mathrm{.}00$ cost

QS $5-11($Algo$)$ Perpetual: Assigning costs with FIFO LO P$1$

Required:

Determine the costs assigned to the December $31$ ending inventory based on the FIFO method.

$\backslash$table$[[3,-,,,$erpetu:,FIFO:,,,,$],[,C,$ods Purcl,sed,,ost of Goo,ds Sold,,ntory Baia,$],[$Date$,$# of Units,$\backslash$table$[[$Cost Per$],[$Unit$]],\backslash$table$[[$Goods$],[$Purchased$]],\backslash$table$[[$# of$],[$Units$],[$Sold$]],\backslash$table$[[$Cost Per$],[$Unit$]],\backslash$table$[[$Cost of Goods$],[$Sold$]],$# of Units,$\backslash$table$[[$Cost Per$],[$Unit$]],\backslash$table$[[$Inventory$],[$Balance :$]]],[$December $7,,,,,,,,,],[$December $14,,,,,,,,,],[$Total December $14,,,,,,,,,],[$December $15,,,,,,,,,],[,,,,,,,,,],[$Total December $15,,,,,,,,,5],[$December $21,,,,,,,,,]]$