Required information Use the following information for the Quick Study below. (Algo) (11.14) (The following information applies to the questions displayed beliow). 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 Decenber ? Furchases an Decenber 14 Purchases on Decenber 21 20 unites 9.519,00 cost 20 onits 8.525 .00 cost 15 untts $27,00 cost QS 5-14 (Algo) Perpetual: Inventory costing with specific identification LO P1 Of the unts sold, 8 are from the December 7 purchose and 7 are trom the December 14 purchase. Determine the costs assigned to ending inventory when costs are assigned based on specific identification