Use the following information for the Quick Study below.

Trey Monson starts a merchandising business on December 1 and enters into three inventory purchases:

Purchases on December 7	20 units @ $10.00 cost
Purchases on December 14	36 units @ $15.00 cost
Purchases on December 21	30 units @ $18.00 cost

QS 5-13 Periodic: Inventory costing with specific identification LO P1

Required: Monson sells 30 units for $25 each on December 15. Of the units sold, 16 are from the December 7 purchase and 14 are from the December 14 purchase and assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on specific identification.

Specific ldentification Cost of Goods Available for Sale Cost of Goods Sold Inventory Balance Cost of Goods | # of Cost perAvailable for units # of units per unit Goods Sold ending inventory Cost ofin per unit Cost per Ending unnventory # of units Sale sold Purchases 20 10.00 36 30 86 200 540 540 1,280 $10.00$ December 7 December 14 December 21 10.00 $ 0 0 0 15.00 15.00 15.00 18.00 18.00 Total 0