Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not in Required information Use the following information for the Quick Study 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 28 units for $50 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 18 units @ $20.00 cost 32 units @ $30.00 cost 28 units @ $36.ee cost QS 5-12 (Algo) Perpetual: Inventory costing with LIFO LO P1 Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method, Answer is complete but not entirely correct. Perpetual LIFO: Cost of Goods Sold Inventory Balance Date Goods purchased Cost of Cost Goods of units per Available for # of units Cost per Cool per Cont of Goods Sold mr of units Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion, 3 Required information Inventory Balance 2 of 2 Perpetual LIFO: Cost of Goods Sold #of Cost units Cost of per sold unit Goods Sold Date Goods purchased Cost Cost of per Goods unit Available for Sale $ 300 00 2000 #of units # of units Cost per unit Inventory Balance Decomber 18 18 lat $ 30000 20.00 32 01.0940 $ 90000 32 30.00 December 14 90000 30 00 e 18 at 350.00 20.00 To December 14 1320 00 20 18 550000 20.00 ot 30 00 December 15 $ 54000 al 2000 3000 $ 620.00 Total December 15 28 28 36.00 1008 00 3600 100000 $ 54000 December 21 18 30.00 4 20.00 5 000 Totals 5560.00 1,628.00