Requi 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 28 units for $10 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 18 units e $4.00 cost 35 units $6.00 cost 28 units e $7.00 cost Determine the costs assigned to ending Inventory when costs are assigned based on the LIFO method. Periodic LIFO: Cost of Goods Available for Sale Cost of Goods Sold Cost per Cost of Goods #of Cost Cost of # of units unit Available for units Sale per unit Goods Sold Inventory Balance # of units Cost per Ending in ending unit Inventory inventory sold 0 $ 0 $ 0.00 $ 0.00 0 0 Purchases: December 7 December 14 December 21 Total 0 $ 0.00 0 $ 0 $ 0 $ 0