! Required information Use the following information for the Quick Study below. (Algo) (11-14) (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 28 units for $45 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 18 units @ $18.00 cost 32 units @ $27.00 cost 28 units @ $32.00 cost QS 6-14 (Algo) Perpetual: Inventory costing with specific identification LO P1 Of the units sold, 14 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 Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods # of # of units Cost per Cost # of units Available for units Cost of Cost per Ending unit Sale sold per unit Goods Sold in ending inventory unit Inventory Purchases: December 7 $ 0 0 0 $ 0.00 $ 0.00 0 December 14 December 21 Total 0 $ 0.00 $ 0.00 0.00 0 01 0 0 0 $ 0 0 $ 0 0 $