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 $28 each. 10 units @$14.00 cost Purchases on December 7 Purchases on December 14 20 units @ $20.00 cost Purchases on December 21 15 units @ $22.00 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. Answer is not complete. Specific Identification Goods Available for Sale Cost of Goods Sold Ending Inventory W of units Cost per unit Cost of Goods Available for Sale # of Cost units per Cost of Goods # of units in ending Cost per Ending sold unit Sold inventory unit Inventory Purchases: December 7 December 14 10 $6.00 $ 60 $6.00 S 0 10 $6.00 60 2012.00 240 12.00 0 10 12.00 120 December 21 15 14.00 210 15 14.00 210 Total 45 $ 510 0 $ 0 35 390 " Return to qu