Required intormation Use the following information for the Quick Study below. (Algo) (11-14) The following information applies to the questions displayed below] Trly Morison starts a merchandising business on December 1 and enters into the foilowing three inventory purchases. Manson uses a perpetual imventory system. Also, on December 15 , Monson sells 15 units for $39 each. QS 512 (Algo) Perpetual: Inventory costing with LIFO LO P1 Determine the costs assigned to ending inventory when costs afe assigned bosed on the LifO method. QS 5-12 (Algo) Perpetual: Inventory costing with LIFO LO P1 Determine the cocts assigned to ending inventory when costs are assigned based on the LF O methiod