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 periodic inventory system. Also, on December 15, Monson sells 29 units for $50 each Purchases on December 7 Purchases on December 14 Purchases on December 21 19 units @ $20.00 cost 36 units @ $30.00 cost 29 units @ $36.00 cost Determine the costs assigned to ending Inventory when costs are assigned based on the LIFO method. UUU VONVIVU VGTUIG LIFO: for Sale Cost of Goods Sold Inventory Balance Cost Cost of # of # of Cost Cost of # of units Cost Goods units per units per Ending Goods in ending per unit Available for Sale Inventory sold unit Sold Inventory unit Purchases: December 19 $ 7 380 $ 20.00 $ 0 20.00 December 14 36 30.00 1,080 30.00 0 December 21 29 36.00 1,044 36.00 Total 84 $ 2,504 0 $ 0 0