Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 23 units for $30 each.

Purchases on December 713 units @ $12.00 cost

Purchases on December 1430 units @ $18.00 cost

Purchases on December 2123 units @ $22.00 cost

Required:

Monson sells 23 units for $30 each on December 15. Of the units sold, 10 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 31 ending inventory when costs are assigned based on specific identification.

O Required information Specific Identification Perpetual Goods purchased Cost of Goods Sold Inventory Balance Date # of Cost per Cost per Cost of Goods Cost pe Inventory units unit units sold Limit sold # of units unit Balance December 7 13/ @1 8 12.00 $ 15600 December 14 0.ON December 15 0.DO 0.90 December 21 $ 220 Total