6 Part 4 of 4 Required information Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases Also, on December 15, Monson sells 30 units for $25 each) Purchases on December 7 Purchases on December 14 Purchases on December 21 20 units $10.00 cost 36 units @ $15.00 cost 30 units @$18.00 cost 12 points Required: Monson sells 30 units for $25 each on December 15. Of the units sold, 16 are from the December 7 purchase and 14 are from the December 14 purchase. Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory when costs are assigned based on specific identification Specific Identification-Perpetual Goods purchased Date of units Cost per unit of units sold Cost of Goods Sold Cost per unit Cost of Goods Sold #of units Inventory Balance Cost per unit Inventory Balance December 7 December 14 December 15 December 21 Totals