answer QS 5-13

Refer to the information in QS 5-10 and assume the perpetual inventory system is used. Determine the Qs 5-13 costs assigned to ending inventory when costs are assigned based on specific identification. Of the units Perpetual: Inventory sold, eight are from the December 7 purchase and seven are from the December 14 purchase. (Round per costing with specific unit costs and inventory amounts to cents.) identification P1 Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 15 units for $20 each QS 5-10 Perpetual: Assigningp costs with FIFO 10 units @$ 6.00 cost 20 units @$12.00 cost 15 units@$14.00 cost P1 Purchases on December Purchases on December 14 Purchases on December 21 Required Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending in- ventory based on the FIFO method. (Round per unit costs and inventory amounts to cents.)