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 29 units for $50 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 19 units $20.00 cost 36 units 29 units $30.00 cost $36.00 cost Of the units sold, 15 are from the December 7 purchase and 14 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 unit Goods Available for Sale Cost of Goods Cost per Available for Cost of Goods Sold Ending Inventory # of # of units Cost Cost of units Sale sold per unit Goods Sold in ending Cost per Ending unit Inventory inventory Purchases: December 7 19 $20.00 $ 380 $20.00 $ $20.00 $ 0 December 14 36 30.00 1,080 30.00 0 30.00 0 36.00 0 December 21 29 36.00 1,044 Total 84 $ 2,504 0 $ 0 0 $ 0