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Required information 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 28 units for $45 each. 18 units $18.00 cost Purchases on December 14 32 units @ $27.00 .cost 28 units $32,00 cost Purchases on December 7 Purchases on December 21 QS 5-12 (Algo) Perpetual: Inventory costing with LIFO LO P1 Determine the costs assigned to ending Inventory when costs are assigned based on the LIFO method. Perpetual UFO: Goods purchased Cost of Goods Sold Cost per Cost of Goods #of # of units Available for units Cost per Cost of Goods unit unit Sale sold Sold Inventory Balance Date # of units Cost per unit Inventory Balance December 7 $ 000 S 18 00 $ December 14 000 Total December 14 $ 0.00 December 15 Total December 15 5 0.00 December 21 Totals