4 art 4 of 4 66 ints Required information [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 27 units for $20 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 17 units $8.00 cost 34 units @ $12.00 cost 27 units $14.00 cost eBook Of the units sold, 14 are from the December 7 purchase and 13 are from the December 14 purchase. Determine the costs assigned to ending inventory when costs are assigned based on specific identification. Hint Print References Specific Identification Goods Available for Sale Cost of Goods Sold # of units Cost per unit Cost of Goods Available for # of of units units Sale sold. Cost per unit Goods Sold Cost of in ending Inventory unit Ending Inventory Cost per Ending Inventory Purchases December 7 17 $ 8.00 $ 136 $ 8.00 $ 0 December 14 34 12,00 408 12.00 0 December 211 27 14.00 378 Total 78 $ 922 0 $ 0 $ 8.00 $ 0 12.00 0 14.00 0 S 0