Required information Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 26 units for $25 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 16 units @ $10.00 cost 33 units @ $15.00 cost 26 units @ $18.00 cost QS 5-11 Perpetual: Inventory costing with LIFO LO P1 Required: Monson sells 26 units for $25 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. Perpetual LIFO Inventory Balance Goods purchased Cost of Goods unit Available for tes Cost of Goods Sold #of units Cost per Cost of sold unit Goods Sold Date # of units Cost per w of units Cost per Inventory Balance December 7 $ 0.00 December 14 $ 0.00 $ 0.00 December 15 December 21 $ 0.00 Totals