0 Required information 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 10 units for $50 each. Purchases on December 7 8 units. $20.00 cost Purchases on December 14 17 units $30.00 cost Purchases on December 21 15 units $36.00 cout 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 of Goods # of # of units Available for Cost Cost of unit units Salo sold per unit Goods Sold Cost per Ending Inventory of units In ending Cost per Ending unit Inventory Inventory Purchases: December 7 December 14 December 21 $ 0 0 $0.00 $ 0.00 $ 0.00 $ 0.00 0 0 0 0 0 Total 0.00 0 $ 0 0 $ 0 0 $ 0