Required information Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into three Inventory purchases: Purchases on December 7 Purchases on December 14 Purchases on December 21 18 units @ $10.00 cont 35 units $15.00 cont 28 units e $18.00 cont QS 6-17A Periodic: Inventory costing with specific identification LO P3 Required: Monson sells 28 units for $25 each on December 15. Of the units sold, 14 are from the December 7 purchase and 14 are from the December 14 purchase and assume the periodic Inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on specific identification. Specific Identification Cost of Goods Available for Sale Cost of Goods Cost per # of units unit Available for Sale Cost of Goods Sold of Cost Cost of units sold per unit Goods Sold Inventory Balance # of units Cont per Ending In ending unit Inventory Inventory Purchases December 7 December 14 December 21 Total