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Homework Seved Required Information Use the following Information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into

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Homework Seved Required Information Use the following Information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three Inventory purchases. Also, on December 15, Monson sells 25 units for $25 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 15 units 30 units 25 units $10.00 cost $15.00 cost $18.me cost QS 5-15A Perpetual Inventory coating with LIFO LO P3 Required Monson sells 25 units for $25 each on December 15. Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending Inventory when costs are assigned based on the LIFO method. Perpetua UFO: CANTO Cos c ope con cather more December 7 December 14 30 @ 15.00 December 15 Decem

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