$($ANSWER EVERYTHING THAT HAS BLUE BORDER AROUND THE COLUMN$)$

Required information

Use the following information for the Quick Study below. $($Static$)(11-14)$

$[$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 $$20$ each.

Purchases on December $7,10$ units a $ $6$ cost

Purchases on December $14,20$ units a $$12$ cost

Purchases on December $21,15$ units @ $$14$ cost

QS $5-12($Static$)$ Perpetual: Inventory costing with LIFO LO P$1$

Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method.