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

CR work Required information Use the following information for the Quick Study below. (Algo) (15-18) 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 periodic inventory system. Also, on December 15, Monson sells 30 units for $50 each Purchases on December 7 20 units $20.00 cost Purchase on December 14 34 unit $30.00 cost Purchases on December 21 30 units $36.00 cost QS 5-16A (Algo) Periodic: Inventory costing with LIFO LO P3 Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. Periodic LIFO: Cont of Goods Available for Sale Cost of Good Sold Inventory Balance Cost per Cost of Goods #of #of units Available for units Cost unit Cost of Sale unit sold per unit Goods sold in ending Inventory Inventory of units cost per Erding Purchases December 7 December 14 December 21 Total