Help Save & Exit Suts Faulty-Myam-Sank Content M Question 8-Ch Sc Homework A Cinformation Use w Ch 5: Homework Assignment 8 Part 4 of 4 76 ints eBook Hint Use the following information for the Quick Study below. (Algo) (11-14) [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 15 units for $34 each. Purchases on December 7. Purchases on December 14 Purchases on December 21 10 units @$20.00 cost 20 units @ $26.00 cost 15 units @ $28.00 cost QS 5-14 (Algo) Perpetual: Inventory costing with specific identification LO P1 Of the units sold, 8 are from the December 7 purchase and 7 are from the December 14 purchase. Determine the costs assigned to ending inventory when costs are assigned based on specific identification. Print eferences Specific Identification Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit Cost of Goods Available for Sale # of Cost of units sold Cost per unit Goods Sold of units Cost per Ending in ending Inventory unit Inventory Purchases: December 7 10 $20.00 $ 200 $20.00 $ 0 $20.00 $ 0 December 14 20 26.00 520 26.00 0 26.00 0 71 28.00 December 21 15 28.00 420 45 $ 1,140 $ 0 $ Total < Prev 800 of 21 Next > Check my wo