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! Required information Use the following information for the Quick Study below. ( Algo ) ( 1 1 - 1 4 ) [ The following

!
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 15 units for $33 each.
Purchases on December 7,10 units @ $19.00 cost
Purchases on December 1420 units @ $25.00 cost
Purchases on December 21,15 units @ $27.00 cost
QS 6-14(Algo) Perpetual: Inventory costing with specific identification LO P1
Of the units sold, 8 are from the December 7 purchase and 7 are from the December 14 purchase. Determine the costs assigned to
ending inventory when costs are assigned based on specific identification.
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