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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 15 units for $38 each. Purchases on Decenber 710 units e $24.00 cost Purchases on December 1420 units e $30.00 cost Purchases on December 2115 units e $32.00 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