P 4 mend this shows what is correct or incorrect for the work you have completed so far does not indicate Trey Monson starts a merchandising business on December 1 and enters into the following there inventory purchases Monson uses a perpetual inventory system. Also, on December 15 Monson sells i units for $25 each Purchases on December Purchases in December 14 Purchases Dr Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method Goods had Cunt of Guads Sad Ente Cust Count of G JAI Cat December 7 0.00 December 14 Satal Damber14 December 15 Total December 15 December 21 Total 000 Required information of 4 The following information applies to the questions displayed below] ook in D rences 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 $25 each Purchases on December 7 Purchases on December 14 Purchases on December 23 10 units $11.00 cost 20 units 15 units $17.00 cost $19.00 cost 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 Goods Available for Sale Cost of Goods Cost per Available for unit Sale Cost of Goode Sold Ending Inventory Wol Cost Cost of units sold per unit Goods Sold ending Inventory of units Cost per Ending Inventory mit