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 $36 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 10 units $22.00 cost 15 units $28.00 cost $30.00 cost 20 units 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. Specific Identification Purchases: December 7 December 14 December 21 Total Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit Cost of Goods # of Cost Cost of Available for Sale units sold per unit Goods Sold in ending #of units Cost per Ending unit Inventory inventory