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Accounting

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[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 15 units for $20 each.
Purchases on December 7,10 units @ $6 cost
Purchases on December 14,20 units @ $12 cost
Purchases on December 21,15 units @ $14 cost
Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method.
\table[[Periodic LIFO:],[,Cost of Goods Available for Sale,Cost of Goods Sold,Inventory Balance],[,# of units,\table[[Cost per],[unit]],\table[[Cost of Goods],[Available for],[Sale]],\table[[# of],[units],[sold]],\table[[Cost],[per unit]],\table[[Cost of],[Goods Sold]],\table[[# of units],[in ending],[inventory]],\table[[Cost per],[unit]],\table[[Ending],[Inventory]]],[Purchases:],[December 7,10,$6.00,60,,,,10,$6.00,$
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