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 28 units for $25 each. Purchases on Decenber 718 units e $10.00 cost Purchases on December 1435 units $15.00 cost Purchases on December 2128 units \& $18.00 cost QS 5-18A (Algo) Periodic: Inventory costing with specific identification LO P3 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