! 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 perpetual inventory system. Also, on December 15, Monson sells 15 units for $31 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 10 units $17.00 cost 20 units @ $23.00 cost 15 units $25.00 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 Identification # of units Cost per unit Goods Available for Sale Cost of Goods Available for Cost of Goods Sold Ending Inventory Sale # of units sold # of units Cost Cost of per unit Goods Sold in ending Cost per Ending unit Inventory inventory Purchases: December 7 December 14 $ 0 $0.00 $ 0 $ 0.00 $ 0 0 0.00 0 0.00 0 December 21 0 0.00 0 Total 0 $ 0 0 $ 0 0 $ 0