Use the following information for the Quick Study Derow. (Aigo) (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 10 units for $50 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 8 units @ $20.00 cost 17 units @ $30.00 cost 15 units $36.00 cost QS 5-14 (Algo) Perpetual: Inventory costing with specific identification LO P1 Of the units sold, 6 are from the December 7 purchase and 4 are from the December 14 purchase. Determine the costs assigned to ending Inventory when costs are assigned based on specific identification. Specific Identification Goods Available for Sale Cost of Goods Sold Cost per #of units unit Cost of Goods Available for Sale of Cost Cost of units sold per unit Goods Sold Purchases December 7 8 $2000 $ 160 $20.00 $ 0 December 14 17 30 00 510 30.00 December 21 15 36 00 540 Total 40 $ 1,210 Ending Inventory of units in ending Cost per Ending unit Inventory inventory $20.00 $ 0 30.00 0 36.00 0 $ 0 $ 0