Ch 5: Assessment i 4 Part 4 of 4 10 points Saved 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 28 units for $25 each. Purchases on December 7 Purchases on December 14 18 units @ $10.00 cost 35 units @ $15.00 cost Purchases on December 21 28 units @ $18.00 cost Of the units sold, 14 are from the December 7 purchase and 14 are from the December 14 purchase. Determine the costs assigned to ending inventory when costs are assigned based on specific identification. Specific Identification Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit Cost of Goods Available for Sale # of units sold # of units Cost Cost of per unit Goods Sold in ending Cost per Ending unit Inventory inventory Purchases: December 7 18 $ 10.00 $ 180 0 $10.00 $ 0 $ 10.00 $ December 14 35 15.00 525 15.00 0 15.00 0 December 21 28 18.00 504 18.00 0 Total 81 S 1,209 0 $ 0 0 $ 0 Help Save & Exit Submit Check my work