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 $30 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 10 units @$16.00 cost 20 units $22.00 cost 15 units @$24.00 cost Of the units sold, 20 are from the December 7 purchase and 15 are from the December 14 purchase. Determine the costs assigned to ending Inventory when costs are assigned based on specific identification. Purchases: December 7 December 14 December 21 Total Specific Identification Goods Available for Sale, Cost of Goods Sold Ending Inventory # of units: Cost per unit Cost of Goods Available for Sale # of # of units units sold Cost Cost of per unit Goods Sold Cost per Ending in ending unit Inventory inventory