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Required information

Use the following information for the Quick Study below. $($Algo$)(15-18)$

$[$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 periodic inventory system. Also, on December $15,$ Monson sells $30$ units for $$50$ each.

Purchases on December $7,20$ units @ $$20\mathrm{.}00$ cost

Purchases on December $14,34$ units @ $$30\mathrm{.}00$ cost

Purchases on December $21,30$ units @ $$36\mathrm{.}00$ cost

QS $6-18$A $($Algo$)$ Periodic: Inventory costing with specific identification LO P$3$

Of the units sold, $16$ 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.

$\backslash$table$[[$Specific Identification$],[,$Goods Available for Sale,Cost of Goods Sold,Ending Inventory$],[,$# of units,$\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Cost of Goods$],[$Available for$],[$Sale$]],\backslash$table$[[$# of$],[$units$],[$sold$]],\backslash$table$[[$Cost$],[$per unit$]],\backslash$table$[[$Cost of$],[$Goods Sold$]],\backslash$table$[[$# of units$],[$in ending$],[$inventory$]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Ending$],[$Inventory$]]],[$Purchases:$,,,,,,,,,],[$December $7,,,,,,,,,],[$December $14,,,,,,,,,],[$December $21,,,,,,,,,],[$Total$,,,,,,,,,]]$