Purchases on December 7 Purchases on December 14 Purchases on December 21 8 units $20.00 cost 17 units $30.00 cost 15 units $36.00 cost S 6-11 Perpetual: Inventory costing with LIFO LO P1 equired: Monson sells 10 units for $50 each on December 15. Monson uses a perpetual inventory system. Determine December 31 ending inventory when costs are assigned based on LIFO Perpetual LIFO Cost of Goods Sold #of units Cost of Goods | # of Available for units Cost per Cost of Goods Cost per Inve Bal units unit | Date # of units unit Sold unit Sale 8lals 20001 =| $ 160 001 17 a s 3000S 510 00 December 7 7s 30.005 s 5 December 15 December 21 15s 36 00 S 54000 Pre 10of 19 Next> DELL W23