Required information Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases Also on December 15, Monson sells 30 units for $25 each Purchases on December 7 Purchases on December 14 Purchases on December 21 20 units $10.ee cost 36 units $15.ee cost 30 units $18.ee cost QS 5-13 Perpetual: Inventory costing with specific identification LO P1 Monson sells 30 units for 25 each on December 15. Of the units soid. 16 are from the December 7 purchase and 14 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 Cost per Cost of Goods Sold ol units Cost per Cost of Goods sold Sold Specific Identification-Perpetual: Goods purchased of Date units unit December 7 20 @ $ 10.00 - $200.00 December 14 38 $ 15.00 $540,00 Inventory Balance of Inventory units unit Balance 2010 $ 10.00 - $ 200.00 Cost per 20 @ $10.00 36 5 15.00 $ 200.00 500.00 $ 740.00 December 15 $10.00 - $ 15.00 5 $ 0.001 0.001 December 21 30 tis 18.00 $540.00 4@$10:00 - $15.00 - 30 $ 18.00 - 221 $ 40,00 330.00 540.00 $. 910.00 Total