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Required Information

Use the following information for the Quick Study below. $($Algo$)(11-14)$

$[$The following information applles 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 $$27$ each.

Purchases on December $7$

Purchases on December $14$

$10$ units @ $$13,00$ cost

Purchases on December $21$

$20$ units @ $$19\mathrm{.}60$ cost

$15$ units @ $$21\mathrm{.}00$ cost

QS $6-12($Algo$)$ Perpetual: Inventory costing with LIFO LO P$1$

Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method.