Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 28 units for $35 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 18 units @ $14.00 cost 33 units @ $21.00 cost 28 units @ $25.00 cost QS 5-13 Perpetual: Inventory costing with specific identification LO P1 Required: Monson sells 28 units for $35 each on December 15. Of the units sold, 14 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 nventory when costs are assigned based on specific identification Specific Identification--Perpetual: Goods purchased Cost of Goods Sold # of units Cost of unit sold Goods Sold Cost per Inventory Balance Cost per Inventory # of units unit Balance Date # of units Cost per unit December 7 December 14 December 15 December 21 Totals