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 29 units for $50 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 19 units $20.00 cost 36 units @ $30.00 cost 29 units @ $36.00 cost S 6-11 Perpetual: Inventory costing with LIFO LO P1 equired: Tonson sells 29 units for $50 each on December 15. Monson uses a perpetual inventory system. Determine the costs assigned Pecember 31 ending inventory when costs are assigned based on LIFO. QS 6-11 Perpetual: Inventory costing with LIFO LO P1 Required: Monson sells 29 units for $50 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: Goods purchased Cost of Goods Sold Inventory Balance Cost per Cost per Date # of units Cost of Goods Available for Sale # of units sold Cost per unit Cost of Goods Sold # of units Inventory Balance unit unit December 7 0.00 December 14 0.00 $ 0.00 December 15 Perpetual LIFO: Goods purchased Cost of Goods Sold Inventory Balance Cost per Cost per Date # of units Cost of Goods Available for Sale # of units sold Cost per Cost of Goods unit Sold # of units Inventory Balance unit unit December 7 $ 0.00 December 14 $ 0.00 $ 0.00 December 15 $ to 0.00 December 21 Totals