Required information Use the following information for the Quick Study below. (Algo) (15-18) [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 periodic inventory system. Also, on December 15, Monson sells 30 units for $50 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 20 units @ $20.00 cost 34 units @ $30.00 cost 30 units @ $36.00 cost QS 5-16A (Algo) Periodic: Inventory costing with LIFO LO P3 Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. Periodic LIFO: Cost of Goods Available for Sale Cost of Goods Sold Inventory Balance # of units Cost of Goods Cost per Available for unit Sale # of units sold Cost Cost of per unit Goods Sold # of units in ending inventory Cost per Ending unit Inventory Purchases: December 7 $ 0 $ 0.00 $ 0 December 14 0 0.00 0 .. December 21 0 $ 0.00 Total 0 $ 0 0 $ 0 0 $ 0