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Required information Trey Monson starts a merchandising business on December 1 and enters into three Inventory purchases: Purchases on December 7 Purchases on December 14

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Required information Trey Monson starts a merchandising business on December 1 and enters into three Inventory purchases: Purchases on December 7 Purchases on December 14 Purchases on December 21 Bunita 26 units 18 units $4.00 Cort $6.00 cost $7.00 cost Required: Monson sells 18 units for $10 each on December 15. Assume the periodic Inventory system is used. Determine the costs assigned to ending Inventory when costs are assigned based on the LIFO method. (Amounts to be deducted should be indicated with a minus sign. Round cost per units to 2 decimals.) Periodic LIFO: Cost of Goods Available for Sale Cost of Goods Sold Inventory Balance of units Cost per Cost of Goods Available for units Cost Cost of old per unit Goods Sold of units in ending Inventory Cost per Ending unit Inventory Purchases $ 0.005 December 14 December 21 For Busing A Skype-8.58.0.....dmg O BossWXGS MacBook Air

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