Required information (The following information applies to the questions displayed below) Trey Monson starts a merchandising business on December and enters into the following three inventory purchases. Monson uses a periodic Inventory system. Also, on December 15, Monson sells 29 units for $50 each Purchases on December 7 Purchases on December 14 Purchases on December 21 19 units @ $20.00 cost 36 units @ $30.00 cost 29 units @ $36.00 cost Monson sells 29 units for $50 each of the units sold, 15 are from the December 7 purchase and 14 are from the December 14 purchase. Determine the costs assigned to ending inventory when costs are assigned based on specific identification. Specific Identification Cost of Goods Sold Inventory Balance Cost of Goods Available for Sale Cost Cost of #of Goods units per unit Available for Sale # of Cost Cost of # of units Cost units per Goods in ending per sold unit Sold Inventory unit Ending Inventory $ 0 Purchases: December 7 December 14 December 21 Total $ 0 $ 0.00 0 0.00 0 OOTS or $ $ 0 0.00 0.00 0 0.000 0 $ 0 0 $ 0