Required information Use the following information for the Quick Study below. (Algo) [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 25 units for $45 each Purchases on December 7 Purchases on December 14 Purchases on December 21 15 units $18.ee cost 30 units $27.ee cost 25 units @ $32.ee cost QS 5-12 (Algo) Periodic: Inventory costing with LIFO LO P1 Determine the costs assigned to ending Inventory when costs are assigned based on the LIFO method QS 5-12 (Algo) Periodic: Inventory costing with LIFO LO P1 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 Cost per #of units Available for unit Sale Cost of Goods Sold #of units Cost Cost of per unit Goods Sold sold Inventory Balance # of units in ending Cost per Ending unit Inventory Inventory $ 0 Purchases December 7 December 14 December 21 Total $ 0.005 0.00 0 0.00 0 0 an 0 $ 0 0 $ 0