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 $50 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 20 units @ $20.00 cost 34 units @ $30.00 cost 30 units @ $36.00 cost QS 5-13 Perpetual: Inventory costing with specific identification LO P1 Required: Monson sells 30 units for $50 each on December 15. Of the units sold, 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 of Goods Sold # of units sold unit Sold Specific IdentificationPerpetual: Goods purchased # of Cost per Date units unit December 7 $ 0.00 December 14 $ 0.00 Inventory Balance Inventory Cost per cost of Goods # of units cost per $ 0.00 December 15 $ $ 0.00 0.00 December 21 | $ 0.00 Totals