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 28 units for $45 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 18 units $18.00 cost 32 units $27.00 cost 25 units $32.ee cost QS 5-11 Perpetual: Inventory costing with LIFO LO P1 Required: Monson sells 28 units for $45 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 Inventory Balance Goods purchased Cost of Goods Cost per Available for Cost of Goods Sold Cost per cost of Goods unit Sold #of units sold Date Cost per of units of units unit Inventory Balance Sale unit December 7 December 14 December 15 Perpetual LIFO: Goods purchased Cost of Goods Sold Inventory Balance #of units Cost per Cost of Goods Available for Sale #of units sold unit Cost per Cost of Goods unit Cost per of units Sold Inventory Balance unit December 7 December 14 December 15 December 21 Totais