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 25 units for $25 each. Purchases on December Purchases on December 14 Purchases on December 21 15 units e $10.00 cost 30 units @ $15.00 cost 25 units @ $18.00 cost QS 5-11 Perpetual: Inventory costing with LIFO LO P1 Required: Monson sells 25 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. QS 5-11 Perpetual: Inventory costing with LIFO LO P1 Required: Monson sells 25 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: Cost of Goods Sold Inventory Balance Goods purchased Cost per Cost of Goods unit Available for Sale # of units Date # of units sold cost per unit cost of Goods Sold # of units Cost per unit Inventory Balance December 7 December 14 December 15 December 21 Totals