Use the following information for the Quick Study below. $($Algo$)(11-14)$

$[$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 $$38$ each.

$\backslash$table$[[$Purchases on December $7,10$ units @ $$24\mathrm{.}00$ cost$],[$Purchases on December $14,20$ units @ $$30\mathrm{.}00$ cost$],[$Purchases on December $21,15$ units @ $$32\mathrm{.}00$ cost$]]$

QS $5-12($Algo$)$ Perpetual: Inventory costing with LIFO LO P$1$

Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method.