Required Information Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 10 units for $50 each 8 units$20.00 coat Purchases on Decenber 7 Purchases on Decenber 14 17 units $30.00 cost Purehases on December 21 15 units $36.00 cost QS 5-11 Perpetual: Inventory costing with LIFO LO P1 Monson sells 10 units for $50 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 Perpetual LFO Cost of of Cost Per Cost of Cost Per Unit Goods #of Goods Sold! #ofurits Costper Inventor Balance unit Available for s 0.00 Next>