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requirea iniormation [ The following information applies to the questions displayed below. ] Trey Monson starts a merchandising business on December 1 and enters into

requirea iniormation
[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 $28 each.
Purchases on December 7,10 units a $14.00 cost
Purchases on December 1420 units @ $20.00 cost
Purchases on December 21,15 units @ $22.00 cost
Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method.
\table[[Perpetual LIFO:],[Date,Goods purchased,Cost of Goods Sold,Inventory Balance],[# of units,\table[[\table[[Cost per],[unit]]],[$14.00
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