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

Required information
[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.
\table[[Purchases on December 7,10 units $6 cost],[Purchases on December 14,20 units e $12 cost],[Purchases on December 21,15 units $14 cost]]
Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method.
\table[[PerpetualLIFO:CostofGoodsSold
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