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. 10 units @ $16.00 cost Purchases on December 7 Purchases on December 14 20 units @ $22.00 cost Purchases on December 21 15 units @ $24.00 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 Goods Available for Sale Cost of Goods Sold Ending Inventory of units Cost per unit Cost of Goods # of Cost Cost of Available for units Sale sold per unit Goods Sold in ending of units Cost per Ending unit Inventory inventory Purchases: December 7 10 $16.00 $ 160 $16.00 $ 0 $16.00 $ 0 December 14 20 22.00 440 22.00 0 22.00 0 December 21 15 24.00 360 24.00 0 Total 45 S 960 0 $ 0 0 $ 0