Required information Use the following information for the Quick Study below (Static) (15-18) [The following information applies 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 periodic inventory system. Also, on December 15, Monson sells 15 units for $20 each. Purchases on December 7 10 units @ $ 6 cost Purchases on December 14 20 units @ $12 cost Purchases on December 21 15 units @ $14 cost QS 5-18A (Static) Periodic: Inventory costing with specific identification LO P3 Of the units sold, eight are from the December 7 purchase and seven are from the December 14 purchase. Determine the costs assigned to ending inventory when costs are assigned based on specific identification. Specific Identification Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per Cost of Goods # of Cost Cost of # of units # of units Cost per Ending unit Available for units sold per unit Goods Sold in ending Sale unit inventory Inventory Purchases: December 7 $ O $ 0.00 $ $ 0.00 $ December 14 0.00 0 0.00 0 December 21 0.00 0 Total 0 $ 0 0 $ 0 0 $ 0