Required Information Use the following information for the Quick Study below. (Algo) (11-14) [The following information applles 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 $27 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 10 units $13.00 cost 2 units $19.0 cost 15 units $21.00 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