Question: I really need some help with lifo accounting :/ Any help would be very much appreciated. Thanks! Trey Monson starts a merchandising business on December

I really need some help with lifo accounting :/ Any help would be very much appreciated. Thanks!

Trey Monson starts a merchandising business on December 1 and enters into three inventory purchase:

Purchases on December 7 10 units @ $ 6.00 cost
Purchases on December 14 20 units @ $12.00 cost
Purchases on December 21 15 units @ $14.00 cost

Monson sells 15 units for $20 each on December 15. Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory when costs are assigned based on LIFO.

This is what I have but I'm pretty sure it's incorrect:

I'm really confused.

Perpetual LIFO: Cost of Goods Available for Sale Cost of Goods Sold - December 15 Inventory Balance
# of units Cost per unit Cost of Goods Available for Sale # of units sold Cost per unit Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory
Purchases:
December 7 10 $6.00 $60 10 $6.00 $60 10 $6.00 $60
December 14 20 12.00 240 5 12.00 $60 5 12.00 60
December 21 15 14.00 210 0
Total 45 $510 15 $120 15 $120

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