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Required information Trey Monson starts a merchandising business on December 1 and enters into the following the inventory purch Also, on December 15, Monson selis 18 units for $10 each Purchases on December 7 Purchases on December 14 Purchases on December 21 wit...00 cost 26 units 16.00 con 18 i 97.00 con Required: Monson sells 18 units for $10 each on December 15. Of the units sold, 6 are from the December 7 purchase and 12 ore from the December 14 purchase. Monson uses a perpetual inventory wstem. Determine the costs assigned to the December 31 ending inventory when costs are assigned based on specific identification Specific Identification Perpetual Goods purchased Date w of Cost per units unit Cost of Goods Sold #of units Cost per Cost of Goods unit sold Sold Inventory Balance Coster wentory of units unit Balance December 7 December 14 December 15 December 21 $ 7.00 Totals