. 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 15 units for $20 each Purchases on December 7 Purchases on December 14 Purchases on December 21 10 units $6 cost 20 onits 15 units $12 cost $14 cost Of the units sold, eight are from the December 7 purchase and seven are from the December 14 purchase. Determine the costs assigned to ending inventory when costs are assigned based on specific identification. Specific entbcation Goods Available for Sale of units Cost per Cost of Goods Cost of Goods Soid Ending Inventory of Avaliable fur Sale unes Cost Cost of per unit Goods Sold of its in ending wwwstory Cost per Ending Purchases December 7 10 600 B 60 600 S 40 December 14 20 12.00 240 71 12.00 04 13 $600 12.00 $ 12 156 December 21 15 14.00 210 14.00 45) $ 510 15 15 T