Use the following information for the Quick Study below. (Algo) (11-14) [The following information applies to the questions displayed below.] 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 $37 each. Purchases on December 7 Purchases on December 14 10 units @ $23.00 cost 20 units @ $29.00 cost Purchases on December 21 15 units @ $31.00 cost QS 5-14 (Algo) Perpetual: Inventory costing with specific identification LO P1 Of the units sold, 8 are from the December 7 purchase and 7 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 Specific Identification # of units Cost per unit Goods Available for Sale Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units sold # of units Cost Cost of per unit Goods Sold in ending inventory Cost per Ending unit Inventory