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 $25 each. Purchases on December 7 Purchases on December 14 10 units @ $11.00 cost Purchases on December 21 20 units @ $17.00 cost 15 units @ $19.00 cost Of the units sold, 8 are from the December 7 purchase and 7 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 # of units Cost per Goods Available for Sale Cost of Goods Available for Cost of Goods Sold Ending Inventory # of units unit Sale sold Cost Cost of per unit Goods Sold # of units Cost per Ending in ending unit Inventory inventory 0 $ 0.00 $ 0 $ 0.00 $ 0 0 0.00 0 0.00 0 0 0.00 0 0 0 $ 0 $ 0