0 Required information Use the following information for the Quick Study below. (Algo) (11-14) (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 perpetual inventory system. Also, on December 15, Monson sells 15 units for $27 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 10 units $13.00 cont 20 units $19.00 cost 15 units $21.00 cost QS 5-14 (Algo) Perpetual: Inventory costing with specific identification LO P1 Of the units sold, 8 are from the December 7 purchase and 7 are from the December 14 purchase. Determine the costs assigned to ending inventory when costs are assigned based on specific identification. Answer is complete but not entirely correct. Specific Identification Goods Available for Sale Cost of Goods Sold Ending Inventory # of Cost per Cost of Goods # of Cost Cost of units Available units per Goods unit sold unit Sold # of units in ending inventory Cost per unit Ending Inventory for Sale Purchases: $ S December 7 December 14 10 $ 130 0 $ 0 10 $ 130 13.00 13.00 13.00 20 19.00 380 819.00 152 1219.00 228 December 21 1521.00 315 721.00 147 8 21.00 168 Total 45 $ 825 15 $ 299 30 $ 526