ducation.com/ext/map/index.html?_con=con&external browser=0&launchUrl=https%253A%252F%252Fhewconneclmne 1.comi232ctivity/quum up 5-16 A Saved Help Save & 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 20 units @ $14.ee cost 36 units @ $21.00 cost 30 units @ $25.00 cost QS 6-15 Periodic: Inventory costing with LIFO LO P3 Required: Monson sells 30 units for $35 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 Sold Cost of Goods Available for Sale Cost of Goods # of units cost per Available for unit Sale # of units sold Cost Cost of per unit Goods Sold Inventory Balance # of units in ending Cost per Ending unit Inventory inventory Purchases December 7 S $ $ 0.00 0 0 0.00 0 December 14 December 21 Total 0 0.00 0 0 $ 0 $ 0 S 0 0 Activate v