Help S 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 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 Cost per Date # of units Cost of Goods Sold # of units Cost per Cost of unit sold Goods Sold Inventory Balance Cost per Inventory # of units unit Balance unit December 7 2010 $ 10.00 $ 200.00 December 141 361 $ 15.00 540.00 @ $ 15.00 $ 0.00 December 15 16 $ 10.00 $160.00 14 $ 15.00 $ 210.00 CD $ 15.00 December 21 30 $ 18.00 540.00 S 15.00 $18.00 Total 5 370.00