Help Save & Submit 7. Check my work Part Required information 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 and enters into the following three inventory purchases. Monson uses a perpetual inventory system. Also, on December 15. Monson sellis 28 units for $10 each Purch no beer Lite 14:00 Purchase on December 14 0536.00 cost Purchase on December 31 28 ita 57.00 out 0.6 point GS 5-14 (Algo) Perpetual: Inventory costing with specific identification LO P1 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 Cost of Goode of Cou Cesto of units unit units Sale sold per Goods Sold Cost Avalable for Ending inventory of units contar dig in ending unt Ivory Inventory o 54003 6.00 o 0 Purchases December December 14 December 21 To os 400 35 6.00 700 81 $ 72 210 190 478 $ 4001 6.00 7.00 $ 0 1 D M GE HI