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 15 units @ $10.00 cost 30 units @$15.00 cost 25 units @ $17.00 cost QS 5-17A Periodic: Inventory costing with specific identification LO P3 Required: Monson sells 25 units for $25 each on December 15. Of the units sold, 12 are from the December 7 purchase and 13 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 of units Cost per unit Cost of Goods Available for # of units Sale sold Cost of Goods Sold Cost Cost of per unit Goods Sold Purchases December 7 December 14 December 21 Total S 0 0 $ $ 0$ 0.00 $ 000 0 Inventory Balance # of units in ending inventory Cost per Ending unit Inventory $0.00 $ 0 0.00 O 0.00 0 0 $ 0