QS 5-12 (Static) Perpetual: Inventory costing with LIFO LO P1 Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method Puro Good chased Cost of Good Custofada Costs of units of unt Available for Cost per cost of Goode Sold Sale wold Inventory oft Cost pe unit December December 14 To December 14 December 15 Total December 15 Daombor 21 Tot Required information Use the following Information for the Quick Study below. (Static) (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 $20 each. Purchases on December 3 Purchases on December 14 Purchases on December 21 10 unita $ 6 cost 20 units $12 cost 15 units $14 cost