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Required information Trey Monson starts a merchandising business on December 1 and enters into the following three Inventory purchases Also, on December 15, Monson sells

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Required information Trey Monson starts a merchandising business on December 1 and enters into the following three Inventory purchases Also, on December 15, Monson sells 30 units for $25 each Purchases on December 7 Paroles on December 14 Purchase on December 21 20 R 510.00 out 36 units $15.00 cost 30 units 510.00 coat Required: Monson sells 30 units for $25 each on December 15. Monson uses a perpetual Inventory system Determine the costs assigned to the December 31 ending inventory when costs are assigned based on LIFO. Perpetua LIFO. leventory Balance Goods shared Cost of Goods Sold Cost per Cost of Goods Cost per of units Cooper Cost of Goode Awable for Sale Inventory Balance of un sold of ta Date Sold December December 14 December 15 December 21

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