Required information Trey Monson starts a merchandising business on December 1 and enters into the folowing three inventory purchases. Also, on December 15, Monson sells 27 units for $20 each. 4 of 4 Purchases on De Purchases on December 14 34 units $12.00 cost Purchases on December 21 27 units e $14.00 cost Required Monson sells 27 units for $20 each on December 15. Of the units sold. 14 are from the December 7 purchase and 13 are from the December 14 purchase. Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory when costs are assigned based on specific identification. #of #of Cost per units unit # of Cost per Cost of Goods unit units # of units Cost per Inventory Sold soldunit 8.00!=| $136 00 S 0.00 7 | 17|@| $ 14 $0.00