Help Save Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Monson uses a periodic inventory system. Also, on December 15, Monson sells 30 units for $50 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 20 units @ $20.00 cost 34 units @ $30.00 cost 30 units @ $36.00 cost the units sold, 16 are from the December 7 purchase and 14 are from the December 14 purchase. Determine the costs a ading inventory when costs are assigned based on specific identification. urchases: December 7 December 14 December 21 tal Specific Identification Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit Cost of Goods Available for # of # of units units Cost Cost of per unit Goods Sold Cost per Ending Sale sold in ending inventory unit Inventory < Prev 18 of 22 Next > +