w Required information Middle Tennessee Company starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Middle Tennessee Company sells 29 units for $50 each 1 of 2 Purchases on December 7 19 units @ $20.00 cost Purchases on December 14 36 units @ $30.00 cost Purchases on December 2129 units @ $36.00 cost 00:54:21 Required: Middle Tennessee Company uses a perpetual inventory system. Complete the table below to calculate the December cost of goods sold and the costs assigned to the December 31 ending inventory based on the FIFO method. Perpetual FIFO: Goods Purchased Cost Per Goods Unit Purchased Cost of Goods Sold of Cost Per Cost of Goods Units Unit Sold Inventory Balance Cast Per Cost Per Inventory of units Unit Balance #of Units Date December 7 December 14 o