Return to question 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 perpetual Inventory system. Also, on December 15, Monson sells 15 units for $20 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 10 units @ $ 6 cost 20 units @ $12 cost 15 units $14 cost Determine the costs assigned to ending Inventory when costs are assigned based on the LIFO method. Answer is not complete. Perpetual LIFO: Goods purchased Cost of Goods Sold Inventory Balance Date # of units Cost per unit Cost of Goods Available for # of Cost Cost units sold per unit Cost of Goods Sold Inv # of units per Ba unit Sale December 7 10 at $ 6.00 $ 60.00 10 at $ 6.00 S 20 at = $240.00 10 at $ 6.00 12.00 December 14 20 $ 20 at = 12.00 Total December 14 December 15 Total December 15 S 15 at |= $210.00 14.00 December 21 Totals $ 15 at |= $ 180.00 at 12.00 at $ 180.00 $ 15 at 14.00 $ 15 at = 14.00 at