Udy below. (Algo) (11-14) 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 15 units for $27 each Purchases on December? Purchases on December 14 Purchases on December 21 10 units 20 units $13.00 cest $19.00 cast 25 units $21.00 cast QS 5-11 (Algo) Perpetual: Assigning costs with FIFO LO P1 Required Determine the costs assigned to the December 31 ending inventory besed on the FIFO method PerpetualFRQ Goods Purchased Cost of Goods Sold Qe Good Purchased Cost Per Cost of Goods ventory Balance Cost Per Ots inventory Balance December Decenter 14 Tal Decamber 14 Ocenter 16 15 Required information Use the following information for the Quick Study below. (Algo) (11-14) The folowing meton apples to the questions deplayed below) They Monson stets a merchandising busness on December and e gee inventory purchases Morson uses a perpetual inventory system Ans on December 15 Minion set 15 for $27 each QS 5-12 (Algo) Perpetual: Inventory costing with LIFO LO PI LFO mod