13.

Required information

Use the following information for the Quick Study below. (Algo) (11-14)

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[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 $34 each.

Purchases on December 7	10 units @ $20.00 cost
Purchases on December 14	20 units @ $26.00 cost
Purchases on December 21	15 units @ $28.00 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.

Answer is complete but not entirely correct.

Specific Identification
	Goods Available for Sale			Cost of Goods Sold			Ending Inventory
	# of units	Cost per unit	Cost of Goods Available for Sale	# of units sold	Cost per unit	Cost of Goods Sold	# of units in ending inventory	Cost per unit	Ending Inventory
Purchases:
December 7	10selected answer correct	$20.00selected answer correct	$200	?	$20.00		?	$20.00
December 14	20selected answer correct	26.00selected answer correct	520	?	26.00		?	26.00
December 21	15selected answer correct	28.00selected answer correct	420	?	28.00		15selected answer correct	28.00	420
Total

Please help with the question marks.