Information Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 15 units for $20 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 10 units e $ 6.00 coat 20 units $12.00 cost 15 units $14.00 .cost QS 5-13 Perpetual: Inventory costing with specific identification LO P1 Required: Monson sells 15 units for $20 each on December 15. Of the units sold, eight are from the December 7 purchase and seven 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 #of Specific Identification-Perpetual Goods purchased Cost per Date units unit December 7 $ 0.00 December 14 $ 0.00 # of units sold Cost of Goods Sold Cost per Cost of Goods unit Sold Cost per Inventory Balance # of units Inventory unit Balance 0.00 Required: Monson sells 15 units for $20 each on December 15. Of the units sold, eight are from the December 7 purchase and seven 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 laventory Balance Cost per Inventory # of units unit Balance Date # of units Cost of Goods Sold # of units Cost per Cost of Goods sold Sold Cost per unit unit $ 0.00 December 7 December 14 $ 0.00 0.00 December 15 $ 0.00 0.00 $ December 21 $ 0.00 Totals