Saved Help Save & Exit Submit Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 10 units for $50 each Purchase on December 7 Purchases on December 14 Purchases on December 21 units $20.00 cost 17 unita. $30.00 cost 15 units. $36.00 cost OS 5-11 Perpetual: Inventory costing with LIFO LO P1 Required: Monson sells 10 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 of Cost per Date units Cont of Goods Available for Sale of units sold Cost per Cost of Goods unit Sold Cost per unit of units Inventory Balance unit December 7 December 14 December 15 December 21 Totals