Required information Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases Also, on December 15, Monson sells 25 units for $45 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 15 units 29 units 25 units $18.00 cost $27,00 cost $32.00 cost Required: Monson sells 25 units for $45 each on December 15. Of the units sold, 12 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, Specific Identification-Perpetual: Goods purchased Cost of Goods Sold Inventory Balance # of Date units Cost per unit # of units Cost per Cost of Goods unit Sold Cost per # of units unit Inventory Balance Purchases on December 21 25 units $32.00 cost 035823 Required: Monson sells 25 units for $45 each on December 15. Of the units sold, 12 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, Specific Identification Perpetual Goods purchesed of Date units Cost per unit Dacemba December 14 December 15 December 21 Tot Cost of Goods Sold fatory Balance of units sold Cost per Cost of Goods un Sold Cost per Inventory Balance