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hey Be sure to use the state methos( SPECIFIC IDENTIFICATION) !!!! 18 Part 4 of 4 ! Required Information [The following information applies to the

hey Be sure to use the state methos( SPECIFIC IDENTIFICATION) !!!!

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18 Part 4 of 4 ! Required Information [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 periodic inventory system. Also, on December 15, Monson sells 30 units for $50 each. Total Purchases on December 7 Purchases on December 14 Purchases on December 21 Of the units sold, 16 are from the December ending inventory when costs are assigned Purchases: December 7 December 14 December 21 20 units@ $20.00 cost 34 units@ $30.00 cost 30 units@ $36.00 cost # of units Cost per unit 7 purchase and 14 are from the December 14 purchase. Determine the costs assigned to sed on specific identification. Goods Available for Sale Specific Identification Cost of Goods Available for Sale Cost of Goods Sold # of units sold Cost Cost of per unit Goods Sold Ending Inventory # of units in ending inventory Cost Ending per unit Inventory

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