Required information Use the following information for the Ouick 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 $26 each. Purchanes os Decumber? 10 units \& $12.00 cont Purchanes on Decenber 14 20 units e 518.00cont Purchases on becenber 2115 units 4.320.00 eont 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