Required information Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases Also, on December 15, Monson sells 30 units for $35 each. 0 Purchases on Decenber 14 Purchases on December 21 20 units $14.80 cost 36 units $21.0e cost 38 units $25.0e cost D OS 6-13 Perpetual: Inventory costing with specific identification LO P Required Monson sells 30 units for $35 each on December 15. Of the units sold, 16 are from the December 7 purchase and 14 are from the December 14 purchase. Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory when costs are assigned based on specific identification. #of Cost per|Cost of Goods! unitsunit Inventory Balance Date # of units cost per # of units unit 20S 14.00 280.00 20|@| $ 140 =| $ 280 36! @| $ 21.001 = 20 14.00 $280.00 14 21.00 S756.00 756.00 $1,036.00 $ 0.00 S 0.00 $ 14.00 $21.00 25.00 21 25.00 $750.00