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 30 units for $50 each Purchases on December 7 Purchases on December 14 Purchases on December 21 20 units $20.00 cost 34 units $30.00 cost 30 units @ $36.00 cost Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method Inventory Balance Perpetual LIFO Goods purchased Cost of Goods Sold Cost of Goods W of of units units Cost per Cost of Goods unit Sold Sale unit sold Date Cost per Available for Cost per of unit unit Inventory Balance $ December 7 0.00 S 0.00 December 14 000 Total December 14 December 15 Total December 15 $ 000 December 21 Totals