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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 $15$ units for $$20$ each.

$\begin{array}{cc}\text{P}\text{u}\text{r}\text{c}\text{h}\text{a}\text{s}\text{e}\text{s}on\text{D}\text{e}\text{c}\text{e}\text{m}\text{b}\text{e}\text{r}7& 10\text{u}\text{n}\text{i}\text{t}\text{s}\text{@}\text{\$}6cost\\ \text{P}\text{u}\text{r}\text{c}\text{h}\text{a}\text{s}\text{e}\text{s}on\text{D}\text{e}\text{c}\text{e}\text{m}\text{b}\text{e}\text{r}14& 20\text{u}\text{n}\text{i}\text{t}\text{s}\text{@}\text{\$}12cost\\ \text{P}\text{u}\text{r}\text{c}\text{h}\text{a}\text{s}\text{e}\text{s}on\text{D}\text{e}\text{c}\text{e}\text{m}\text{b}\text{e}\text{r}21& 15\text{u}\text{n}\text{i}\text{t}\text{s}\text{@}\text{\$}14cost\end{array}$

Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method.

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$[$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 $15$ units for $$20$ each.

Purchases on December $710$ units @ $ $6$ cost

Purchases on December $1420$ units @ $$12$ cost

Purchases on December $2115$ units @ $$14$ cost

Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method.