Che Required information Use the following information for the Quick Study below..... 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 8 units $20.00 cost 17 units $30.00 cost 15 units @ $36.00 cost QS 5-15 Periodic: Inventory costing with LIFO LO P3 Required: Monson sells 15 units for $50 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. Periodic LIFO: Cost of Goods Available for Sale Cost of Goods # of units Available for unit Sale Cost per Cost of Goods Sold of units Cost Cost of sold per unit Goods Sold Inventory Balance # of units in ending Cost per Ending inventory unit Inventory C