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 $20 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 Of the units sold, eight are from the December 7 purchase and seven are from the December 14 purchase. Determine the costs assigned to ending inventory when costs are assigned based on specific identification. Purchases: December 7 December 14 December 21 Total # of units 10 units @ $6 cost 20 units @ $12 cost 15 units @ $14 cost Goods Available for Sale 0 Cost per unit Specific $ Cost of Goods Available for Sale $ Identification 0 0 0 0 Cost of Goods Sold # of units sold Cost Cost of per unit Goods Sold A $ 0.00 0.00 $ $ 0 0 0 Ending Inventory # of units in ending inventory 0 Cost per Ending unit Inventory $ 0.00 $ 0.00 0.00 $ 0 0 0 0

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 $20 each. fre units sold, eight are from the December 7 purchase and seven are from the December 14 purchase. Determine the costs ssigned to ending inventory when costs are assigned based on specific identification