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 19 units @ $18.00 cost 35 units @ $27.00 cost 29 units @ $32.00 cost Required: Monson sells 29 units for $45 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 Cost of Goods Cost per Available for # of units # of units sold Cost Cost of per unit Goods Sold # of units in ending inventory Cost per Ending unit Inventory unit Sale Purchases: December 7 December 14 $ 0 $ 0.00 $ 0 0 0.00 0 0.00 December 21 Total 0 0 0 $ 0 $ 0 0 $ 0