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Trey Monson starts a merchandising business on December 1 and enters into the following three...

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Accounting

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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 December 15 , Monson sells 15 units for $33 each. PurchasesonDecenber?PurchasesonDecenber14PurchasesonDecenber2110units519.00cost20units$35.00cost15units327.00cost QS 5-11 (Algo) Perpetual: Assigning costs with FIFO LO P1 Required: Determine the costs assigned to the December 31 ending inventory based on the fifO method

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