Assigning costs with LIFO

Required information 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 $24 each. hurchazes on beceaber? 10 unit e $10.00 eont Purchases on December 1420 units $16.00 cost Purehases on becesber 2115 unit $18.00 cost Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method