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 25 units for $45 each Purchases on December 7 Purchases on December 14 Purchases on December 21 15 units $18.00 cost 30 units $27.00 cost 25 units $32.00 cost QS 6-13 Perpetual: Inventory costing with specific identification LO P1 Required: Monson sells 25 units for $45 each on December 15 or the units sold, 12 are from the December 7 purchase and 13 are from the December 14 purchase. Monson uses a perpetual inventory System Determine the costs assigned to the December 3 ending Inventory when costs are assigned based on specific identification Cat C Specific identification - Perpetual Specific Identification-Perpetual: Goods purchased Date Cost per #of units Cost of Goods Sold # of Cost per Cost of Goods units unit Sold Inventory Balance Cost per Inventory of units unit Balance unit sold 15 $ 18.00 $270.00 December 7 December 14 15 @ 518005 270.00 30 @ $ 27.00 5810.00 15 $. 18.00 29 @ $ 27.00 $ 270.00 703.00 51.053.00 December 15 25 5 27.00 $575.00 5 0.00 @ $ 18.00 5 2700 December 21 25 $800.00 $ 32.00 $ 1800- 30 $ 2700 $ 3200 310.00 $310.00 S 675 00 Totals